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Tata Motors to raise €1 bn via equity, stake sale to fund Iveco deal
Indian commercial vehicle (CV) market leader Tata Motors plans to raise close to €1 billion through equity — either a rights issue or qualified institutional placement (QIP) — as well as monetise its stake in Tata Capital, to help repay the €3.8 billion (₹ 38,000 crore) bridge loan it will use to buy Italy’s legacy CV player, Iveco group.
India's Tata Motors will buy Iveco in a deal valued at 3.8 billion euros ($4.36 billion), the companies said on Wednesday, ...
Post-Iveco acquisition, the combined entity will become the world’s 4th largest truck maker by volume, a report stated.
Defense News on MSN4d
Leonardo’s buy of Iveco Defence Vehicles secures Italian armor stableROME — Italian defense giant Leonardo has agreed to buy Italy’s Iveco Defence Vehicles for €1.7 billion ($1.9 billion), ...
By Aditi Shah NEW DELHI (Reuters) -Tata Motors plans to raise about 1 billion euros ($1.14 billion) of equity to repay the ...
Iveco Group’s appeal stems from likely takeover potential amid Exor’s breakup plan, despite risks like Italy’s Golden Power ...
Tata Motors will retain Iveco’s industrial base and jobs, says CEO Olof Persson, calling the acquisition a smooth integration ...
The Indian conglomerate's truck unit will buy the Italian group's faster growing vehicle business for $4.3 bln. It gains ...
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