Overview

• A Netherlands-based Tata unit has formally offered €3.8 billion in cash for Iveco’s truck and bus operations, secured a unanimous recommendation from the Iveco board.
• Iveco’s armored-vehicles division is set to fetch €1.7 billion from Leonardo, with exclusive carve-out negotiations advancing alongside Rheinmetall.
• Exor’s agreement to sell its 27.1 percent stake and 43.1 percent voting rights cements major shareholder support.
• Both transactions carry binding commitments to preserve factories, jobs and headquarters in Turin as they await Italian antitrust and foreign direct investment approvals.
• The combined Tata-Iveco group is projected to deliver over 540,000 vehicles and generate €22 billion in revenues while leveraging FPT Industrial powertrains to accelerate electrification.