The Tata Motors Iveco stake has risen to 96.29% of Iveco Group N.V.’s common share capital, excluding treasury shares, after the reopening period of Tata Motors’ voluntary tender offer. Because the holding is above the 95% threshold, Tata Motors’ subsidiary plans a Dutch legal squeeze-out of the remaining shares, subject to confirmation of the provisional results.
The stake is held through TML CV Holdings B.V., a wholly owned Tata Motors subsidiary, according to a regulatory filing dated 7 November 2026 as reported by Autocar Professional.
How Did Tata Motors Reach 96.29% of Iveco?
During the reopening period, shareholders tendered 18.31 million additional common shares, about 6.75% of capital, for an aggregate consideration of €263.65 million. The offeror’s total holding now stands at 256.47 million shares. The initial acceptance period had accounted for 238.16 million shares, or 87.81%.
BNP Paribas’ Italian branch coordinated the collection of acceptances. On 9 October 2026 the offer price was raised by €0.30 per share, from €14.10 to €14.40; both amounts are cum-dividend.
What Does the Squeeze-Out Mean for Iveco Shareholders?
With the stake above 95%, TML CV Holdings plans a Dutch legal squeeze-out of the remaining shares. The offeror had earlier said it did not intend to “restore a sufficient public float to support regular trading” in Iveco shares. The squeeze-out may be preceded, at the offeror’s discretion, by a demerger and a share sale, with details to be announced separately. Borsa Italiana is expected to order the suspension of trading and/or delisting of Iveco’s common shares.
Industry Implications for Commercial Vehicles
The move gives Tata Motors near-complete ownership of Iveco, a commercial vehicle group. The source report does not describe any integration plans, so this article does not speculate on product or plant changes.
Market Reaction and Industry Response
No analyst or trade-body comment on the result was found in the source at the time of writing.
What Happens Next?
Final results of the offer are expected by 12 November 2026. Payment for shares tendered during the reopening period is scheduled for 13 November 2026. The squeeze-out and any delisting steps follow, subject to confirmation of the provisional results.
Frequently Asked Questions
How much of Iveco does Tata Motors now hold?
Tata Motors, through TML CV Holdings B.V., provisionally holds 96.29% of Iveco Group N.V.’s common share capital, excluding treasury shares.
What was the final offer price?
The offer price was raised on 9 October 2026 from €14.10 to €14.40 per share, cum-dividend.
When will final results be announced?
Final results are expected by 12 November 2026, with payment for reopening-period shares scheduled for 13 November 2026.
Source: Autocar Professional, 7 November 2026.
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