Mumbai, Sept. 5 -- Tata Motors has officially announced that it has launched an all-cash voluntary tender offer to acquire all common shares of the Turin-headquartered Iveco Group N.V. for 14.10 euros per share, valuing the Italian commercial vehicle maker at approximately 3.82 billion euros.
The proposed combination would bring together Iveco and Tata Motors' commercial vehicle business.
The combined entity is expected to sell more than 5,90,000 vehicles annually and generate revenues of about €21 billion euros, or more than Rs 2,28,000 crore.
Together, Iveco and the commercial vehicle business of Tata Motors have combined revenues of 21 billion euros (Rs 2,28,000 crore) split across Europe (46%), India (32%), South America (8%) a...