Iveco stock: Tata Motors reaches 96.25% stake in takeover

Tata Motors has moved Iveco Group into the final phase of its takeover after its Dutch subsidiary, TML CV Holdings B.V., secured control of 96.25 percent of the common share capital. The final results of the reopened tender offer were reported on November 9, 2026, by Autocar Professional.

The offeror accepted 18,203,217 additional Iveco shares during the reopening period, equivalent to about 6.71 percent of the ordinary share capital. Together with the 238,157,212 shares accepted during the initial offer period, TML CV Holdings will hold 256,360,429 shares. The calculation excludes Iveco's 4,868,597 treasury shares.

Squeeze-Out Clears Ownership Threshold

The stake above 95 percent enables Tata Motors to initiate a Dutch legal squeeze-out for the remaining 9,986,374 ordinary shares, or roughly 3.68 percent of Iveco's share capital. The offeror said the squeeze-out would not be preceded by the proposed demerger and share sale. Its timing, procedures and terms are expected to be communicated in a separate announcement.

The tender price remains 14.40 euros per share, consisting of the original 14.10 euros plus an additional 0.30 euros in cash announced on October 9. Payment for shares tendered during the reopening is scheduled for Friday, November 13, 2026, against the simultaneous transfer of ownership.

Trading Near Tender Price

Iveco stock traded at 14.41 euros on Lang & Schwarz at 11:37 CET on Wednesday, November 11, 2026.

For investors, the transaction now centers on settlement and the legal process for the remaining shares rather than on a conventional operating outlook. The squeeze-out timetable and any further steps toward a possible delisting are the next material developments for holders.

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