US EditionIveco Confirms Plan to Break Up Company
- The Italian government supports Iveco Group NV’s plan to break up its business by selling its defense unit to Leonardo SpA and its commercial trucking division to Tata Motors Ltd., according to sources familiar with the matter.
- Prime Minister Giorgia Meloni's government has signaled that it would back the sale of Iveco's defense unit to Leonardo, as reported by unnamed sources.
- The Italian government intends to protect jobs and may use its golden power rule to impose conditions on the transaction involving strategic assets.
- Iveco confirmed it was discussing the breakup of its business and is expected to announce the plans alongside its earnings report, according to a report by Bloomberg.
21 Articles
21 Articles
Operation with a total value of 5.5 billion
Guarantees on factories and employees, the headquarters will remain in Turin (ANSA)
The Italian commercial vehicle manufacturer Iveco will be split: Italian Rheinmetall partner Leonardo will take over the armaments division and the truck business will go to India.
Key movement in the European defence industry.The Italian firm Leonardo imposes itself on the bid to acquire Iveco Defence, the armored vehicle division of the automotive group that fitted the expansion radar projected from Indra.The operation, according to the communiqué issued by the company itself, amounts to 1,700 million euros and plans to close in the first quarter of 2026, once it obtains the relevant regulatory approvals.As the communiqu…
Orangeville
Bluefield Daily TelegraphIveco Group announces agreement to sell Defence Business to Leonardo
Iveco Group announces agreement to sell Defence Business
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Bias Distribution
- 36% of the sources are Center, 36% of the sources lean Right
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