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Iveco Shareholders Approve Resolutions for Tata Motors Acquisition and Delisting
M
Moneycontrol•19-10-2026, 16:18
Iveco Shareholders Approve Resolutions for Tata Motors Acquisition and Delisting
- •Iveco Group shareholders approved key resolutions at an Extraordinary General Meeting in Amsterdam to pave the way for a proposed acquisition by Tata Motors and subsequent delisting.
- •The minimum acceptance threshold for the voluntary public tender offer was reduced from 95 percent to 80 percent of Iveco Group common shares following shareholder approval.
- •Approved changes include amendments to articles of association, corporate structure updates, appointment of a new board, and termination of the loyalty voting structure.
- •The plans allow for the conversion of Iveco Group into a private limited liability company after delisting, along with a potential post-offer demerger and share sale.
- •Iveco Group operates 16 industrial sites and 22 research and development centres globally, employing approximately 33,000 people across its various commercial vehicle and powertrain brands.
Key Questions Answered
Iveco Group shareholders approved resolutions in Amsterdam to pave the way for Tata Motors' acquisition, delisting, and conversion into a private company, while reducing the minimum acceptance threshold from 95% to 80%.
Tata Motors raised its takeover offer to €14.40 per share from the original €14.10, declaring the revised price its best and final offer.
The acceptance period for Iveco shareholders to tender their shares began on September 7, 2026, following Consob's approval of the offer document.
