Key Quantitative Figures

  • 238,157,212 Common Shares tendered in acceptance to the Offer
  • 87.81% of Iveco Group's common share capital tendered (based on 271,215,400 Offer Shares)
  • €3,429,463,852.80 aggregate countervalue of tendered shares
  • €14.40 per share price (cum dividend), consisting of initial €14.10 plus additional €0.30 component
  • 89.42% stake achieved by Offeror in Iveco Group's common share capital (net of 4,868,597 Treasury Shares representing 1.80%)

Dates of Action

  • Acceptance Period: September 7, 2026 to October 26, 2026
  • Payment Date for initial acceptances: October 30, 2026
  • Final results announcement: By 7:29 a.m. (CET) on October 29, 2026
  • Reopened Acceptance Period: November 2-6, 2026 (5 trading days)
  • Payment Date for reopened period: November 13, 2026

Parties Involved

  • Offeror: TML CV Holdings B.V. (wholly-owned by TML CV Holdings Pte. Ltd.)
  • Target: Iveco Group N.V. (IVG)
  • Parent Company: Tata Motors Limited (formerly TML Commercial Vehicles Limited)
  • Intermediary: BNP Paribas, Italian Branch (Responsible for Coordinating Collection of Acceptances)
  • Regulatory Approval: CONSOB Resolution No. 24119 of September 3, 2026
  • Information Agent: Georgeson S.r.l.

Conditions and Thresholds

  • Threshold Condition: Minimum 80% of issued and outstanding share capital (reduced from 95% after EGM resolution on October 16, 2026)
  • Threshold Condition has been satisfied based on provisional results
  • Remaining conditions to be confirmed by October 29, 2026

Capital Structure Impact

  • Offeror will hold approximately 89.42% of Iveco Group's common share capital net of Treasury Shares
  • The offer represents a significant controlling stake acquisition in the target company

Additional Information

  • The offer document was approved by CONSOB on September 3, 2026 and published on September 4, 2026
  • The offer was amended on October 9, 2026 with a price increase of €0.30 per share
  • The offer is extended to the United States under applicable exemptions from US tender offer rules
  • Documents available at registered offices in Amsterdam and Turin, and on company websites