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Tata Motors targets €1 billion equity raise to repay Iveco acquisition debt in four years
The company is acquiring the commercial vehicle business of Iveco, excluding its defence business, through a voluntary tender offer at €14.1 per share, backed by bridge financing commitments from Morgan Stanley and MUFG.
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.
1don MSN
Italian truck maker Iveco Group agreed to sell its commercial vehicles unit to Tata Motors and its defense business to Leonardo, in deals worth 3.8 billion euros ($4.39 billion) and 1.7 billion euros ...
Tata Motors sets the stage for a major expansion in its global commercial vehicle market presence through the acquisition of ...
Tata Motors is closing in on a landmark $4.5 billion deal to acquire Italian truckmaker Iveco from the Agnelli family’s Exor.
Tata Motors will retain Iveco’s industrial base and jobs, says CEO Olof Persson, calling the acquisition a smooth integration ...
Tata Motors on Wednesday said it will acquire Italian commercial vehicle maker Iveco Group, excluding its defence business, ...
17h
The stock is under pressure a the company has confirmed that it will acquire Iveco Group, excluding its defence business, for ...
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