Iveco Shares Fall on Tata, Leonardo Deals

  Published 8 months ago

Iveco shares dropped 6% after selling its defence arm to Leonardo and core business to India's Tata Motors.

  • Tata Motors to acquire Iveco’s commercial unit for €3.8B, launching tender offer at €14.1 per share.
  • Leonardo to buy Iveco Defence Vehicles for €1.7B; unions criticize lack of consultation on deal.
  • Italy’s government supports the deal but vows to safeguard jobs and strategic industrial interests.

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