Iveco Group shareholders have approved all resolutions tied to Tata Motors’ proposed takeover of the Italian commercial vehicle maker, a key step in the Tata Motors Iveco deal. The approval, given at an extraordinary general meeting in Amsterdam on October 16, 2026, lowers the minimum share acceptance threshold from 95% to 80%, according to Business Standard.
Tata Motors is pursuing Iveco’s commercial vehicle business through its subsidiary TML CV Holdings. On October 9, it raised its offer from €14.10 to €14.40 per share, valuing the deal at about €3.91 billion.
What Did Iveco Shareholders Approve in the Tata Motors Iveco Deal?
Shareholders approved amendments to Iveco’s Articles of Association, its conversion from a listed company into a private limited liability company after delisting, and new board appointments that take effect upon settlement. The resolutions also provide for a post-offer demerger if the acquirer secures at least 80% of Iveco’s common shares, and authorise a subsequent share sale and potential dissolution of the existing entity. Changes to special voting share arrangements will end the loyalty voting structure after settlement.
Why Did Tata Motors Raise Its Offer Price?
Tata Motors said it raised the price by €0.30 per share because completion of the offer was delayed by longer-than-expected prior authorisations. It called the €14.40 price its “best and final offer” and said it will not be raised further. According to Autocar Professional, the revised price is a 33.47% premium to Iveco’s July 17, 2025 share price. If all 271.2 million shares are tendered, the deal would be worth €3.91 billion, and an €85 million credit facility from MUFG Bank’s GIFT City branch will fund the additional payout. Iveco’s board has unanimously backed the deal.
Market Reaction and Industry Response
The reports reviewed did not include stock-market reaction, analyst commentary or comment from trade bodies, so none is cited. The only formal response noted is Iveco’s own board, which unanimously recommends that shareholders tender their shares and vote in favour.
What Happens Next?
The approval satisfies several conditions for the voluntary public tender offer to become unconditional, but other conditions remain. The tender offer is scheduled to close on October 26, 2026, unless it is extended. The acceptance period began on September 7, 2026. The reports did not disclose vote percentages for the resolutions.
Frequently Asked Questions
What is the Tata Motors offer price for Iveco?
Tata Motors is offering €14.40 per share in cash, up from €14.10. The company says this is its best and final offer.
Why does the 80% threshold matter?
Shareholders cut the minimum acceptance level from 95% to 80%. If Tata Motors secures at least 80% of Iveco’s common shares, the resolutions allow a post-offer demerger and other restructuring steps.
When does the tender offer close?
The tender offer is scheduled to close on October 26, 2026, unless extended.
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