New Delhi, May 7 -- Italian commercial vehicle maker Iveco on Thursday said Tata Motors Ltd's $4.4 billion acquisition of the company is now expected to close in the September quarter, delaying the earlier June quarter deadline.
Iveco said the timeline has been pushed back because the Mumbai-based automaker is still awaiting regulatory approvals for the acquisition, even though the Turin-based company has obtained almost all required clearances.
Mint reported on 23 April that Tata's deal had still not received two approvals from European authorities, which were expected by the end of March 2026, threatening to delay the deal and the company's plan to integrate the Italian firm's business and operations.
"The regulatory approvals for th...
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