TML CV Holdings B.V., a subsidiary of Tata Motors, has announced provisional results from its voluntary tender offer for Iveco Group N.V. common shares. The offeror has reached a shareholding of approximately 89.42% of Iveco Group’s common share capital, net of treasury shares. This milestone signifies the fulfillment of the threshold condition for the offer, paving the way for potential completion.
Tata Motors Subsidiary Secures Majority Stake in Iveco Group
TML CV Holdings B.V., an indirect wholly-owned subsidiary of Tata Motors, has achieved a significant milestone in its voluntary tender offer for all common shares of Iveco Group N.V. Provisional results indicate that the offeror has secured a shareholding of approximately 89.42% of Iveco Group’s common share capital, excluding treasury shares.
Threshold Condition Met
This substantial acceptance level means that the Threshold Condition for the tender offer has been satisfied. The tender offer, which commenced on September 7, 2026, closed on October 26, 2026. The provisional results show that 238,157,212 Common Shares have been tendered. The total value of these accepted shares amounts to approximately EUR 3,429,463,852.80.
Next Steps and Offer Details
The offer price per common share is set at EUR 14.40 (cum dividend). Payment for the shares tendered will be made on October 30, 2026. In anticipation of the offer’s completion, the acceptance period is scheduled to be reopened for five trading days, from November 2 to November 6, 2026, allowing any remaining shareholders to tender their shares. Final results are expected to be announced by October 29, 2026.
Source: BSE
