Tata Motors to Hold 89.42% Stake in Iveco After Tender Offer
Tata Motors is set to secure an 89.42% stake in Iveco through subsidiary TML CV Holdings B.V. after its tender offer closed October 26. Provisional results show acceptances for 87.81% of Iveco’s share capital.
Tata Motors is set to secure an 89.42 per cent stake in Italian commercial vehicle maker Iveco Group through its subsidiary TML CV Holdings B.V., following the closure of its tender offer on October 26. The provisional results indicate that the Indian automaker has crossed the revised acceptance th…