Tata Motors Subsidiary Increases Iveco Offer to €14.40/Share

Tata Motors' indirect wholly-owned subsidiary, TML CV Holdings B.V., has increased its voluntary tender offer price for all common shares of Iveco Group N.V. The new offer price is €14.40 per common share (cum dividend), an increase of €0.30 from the previous €14.10. The company stated this is its best and final offer and will not be increased further. The price increase is attributed to a slight delay in the offer's completion due to a longer-than-anticipated prior authorizations process in certain jurisdictions. The new price represents a premium of 6.77% over the official price on July 29, 2025, and a significant 33.47% premium over the price on July 17, 2025, the day before rumors of a potential acquisition by Tata Motors emerged.