Iveco Group

Money Moves

Indirect subsidiary of Tata Motors, which holds about 96.29% net of treasury shares; facing a Dutch legal squeeze-out and delisting

Tata Motors' reopened tender closed on November 6 with holders of another 6.75% of Iveco accepting, lifting its stake to about 96.29% of the common shares, net of treasury stock. Tata will pay for those shares on November 13 and says it will start a Dutch legal squeeze-out to buy out the rest.

Updated 4 days ago