Bloomberg: Tata nears deal for Iveco Group, official announcement could come July 30

Iveco Group is reportedly on the verge of finalizing two major transactions: the sale of its defence division to Leonardo, and the transfer of its commercial vehicle operations to India’s Tata Motors, anticipated on 19th July. According to Bloomberg, both deals could be formally announced as early as Wednesday, July 30, to coincide with the release of the Group’s Q2 2025 financial results.

Following the news, Iveco shares soared by 5.2% on the Milan Stock Exchange, triggering a temporary trading halt due to excess gains.

According to a latest update by The Economic Times out on 30th July, Iveco Group has been valued $4.5. The move would give Tata a strategic foothold in Europe’s truck and bus market. If confirmed, it would be the Group’s second major international auto acquisition after Jaguar Land Rover.

Iveco Group negotiating with Tata

On Monday, July 29, Iveco Group released a statement confirming that it is in “ongoing, advanced discussions with different parties for potential transactions involving its defence business, on the one hand, and the balance of the Company on the other.” The Board of Directors stated it is “carefully reviewing and evaluating all aspects of these potential transactions,” with attention to the interests of shareholders, employees, and clients. The wording of the statement clearly points to parallel negotiations involving both the defence and non-defence segments of the group, giving further credibility to the reports of a double deal.

Financially, still according to Bloomberg, Iveco Group is expected to report second-quarter revenues of approximately €3.54 billion, with adjusted net income at €121.6 million. Full-year consolidated revenues are projected to reach €14.77 billion.

A key element of the rumored deal structure is that Tata Motors would acquire Exor’s 27.1% stake in Iveco, which carries 43.1% of the voting rights—effectively shifting control of the group. If confirmed, the move would reinforce the impression that the Agnelli family, through Exor, is progressively retreating from the vehicle manufacturing sector. In recent years, Exor has already sold the majority stake in Comau (a leader in industrial automation for automotive), is reportedly considering the sale of Maserati, and is facing weak financial results at CNH Industrial (agriculture and construction machinery), as well as the broader crisis affecting Stellantis, another group under its influence.