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Iveco to split up

Iveco to Break Up With Sale of Company to Tata, Leonardo

Iveco Group NV agreed to break itself up, selling its defense unit to Leonardo SpA and the rest of the Italian truck maker to Tata Motors Ltd in deals totaling about €5.5 billion ($6.3 billion).

Financial Times · 3d

Iveco strikes €5.5bn sale of defence and truck business to Leonardo and Tata Motors

Civil protection unit had complicated Agnelli holding company Exor’s move to diversify its portfolio away from automotive sector

Seeking Alpha on MSN · 3d

Iveco to split up as Leonardo and Tata strike €5.5B deal

Exor ( OTCPK:EXXRF ), the investment company controlled by Italy’s Agnelli family and Iveco’s largest shareholder, has agreed to sell its 27% holding to Tata. Tata plans to make a public offer for the remaining shares, paving the way for Iveco to be delisted from the Milan exchange.

3don MSN

Tata Motors to buy Italy's Iveco after defence unit disposal

India's Tata Motors will buy Iveco in a deal valued at 3.8 billion euros ($4.36 billion), the companies said on Wednesday, ...

Bigger than Jaguar Land Rover acquisition, Tata Motors to take over Italian auto giant Iveco

Tata Motors is closing in on a landmark $4.5 billion deal to acquire Italian truckmaker Iveco from the Agnelli family’s Exor.

15d

Iveco Group: M&A Rumors Prove Why It Is A Prime Buyout Candidate (Rating Upgrade)

Iveco Group’s appeal stems from likely takeover potential amid Exor’s breakup plan, despite risks like Italy’s Golden Power ...

15don MSN

Exclusive: Agnellis in talks over Iveco sale, Tata Motors has made approach, sources say

Italy's Agnelli family is in talks over the possible sale of truck maker Iveco , three sources told Reuters, with two mentioning Tata Motors as a potential buyer.

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