Tata Motors moves Iveco stock toward final takeover settlement

Published on 11/09/2026 at 12:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Iveco stock moves into the next phase of Tata Motors' takeover after the initial settlement. Further ownership steps are due this week.

Tata prepares next Iveco steps

Tata Motors now controls Iveco after completing the initial tender-offer settlement.
Shares tendered during the reopened offer are scheduled for settlement on November 13.
Iveco changed its board and governance structure following the transaction.

Iveco, NL0015000LU4, Illustration mit AI erstellt.

Tata Motors has completed the initial settlement of its recommended tender offer for Iveco Group, moving the commercial-vehicle maker into the next phase of the takeover. Iveco Group said in a 30 October press release that the settlement had made Iveco part of Tata Motors.

Tata's acquisition vehicle holds 238,157,212 common shares, equal to 89.42% of Iveco's common share capital net of treasury shares. The cash offer was set at 14.40 euros per share, including the dividend. The reopened acceptance period ran from November 2 through November 6, and shares tendered in that window are scheduled for settlement on November 13.

Takeover changes Iveco governance

The initial settlement also brought changes to Iveco's board and governance documents. Natarajan Chandrasekaran became chairperson and senior non-executive director, while Olof Persson remained chief executive officer. P. B. Balaji and Girish Wagh joined the board as non-independent directors, alongside independent directors Guenter Butschek and Charles Nichols.

The company also said that all outstanding special voting shares had been repurchased for no consideration. Further post-offer measures, including a voluntary purchase procedure, a Dutch legal squeeze-out or a post-offer demerger and liquidation, will be communicated by the offeror in due course.

Market focus turns to settlement

Iveco stock traded at 14.38 euros on Lang & Schwarz at 12:28 CET on Monday, November 9, 2026. Investors are now focused on the settlement of the shares tendered in the reopened offer and on Tata Motors' subsequent steps toward full ownership. The real-time quote of Iveco stock is available for ongoing market monitoring.