Iveco Group Announces that All Conditions Precedent to the Sale of Its Defence Business to Leonardo Are Fulfilled

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TURIN – The transaction will be finalized in the coming days: Iveco will sell its "Defense Business" division, its defense division with military and armored vehicles under the IDV and Astra brands, to Leonardo. Iveco Group N.V. (EXM: IVG) announces that all conditions for the closing of the sale of its Defense Business (i.e., the IDV and ASTRA brands) to Leonardo S.p.A. (EXM: LDO) have been satisfied. The transaction, which is expected to be fi…

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Iveco Group NV (EXM: IVG) has announced that all the conditions for the completion of the cession of its Defense division (IDV and ASTRA brands) to Leonardo SpA (EXM: LDO) have been fulfilled. The transaction, which should end in the next few days, is a condition, among other things, for the completion of the public offer of voluntary purchase by Tata Motors Limited for all the ordinary shares issued by Iveco Group (after the separation of its D…

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On Wednesday, one of the last hurdles for the future of Iveco Defence Vehicles (IDV) based in Bolzano could be taken. According to information from industry circles and trade unions, the day for the operational "closing" of the takeover by the Italian armaments company Leonardo is scheduled. However, the 1.7 billion Euro deal will only become legally final after the approval of the Iveco shareholders on 25 March in Amsterdam. The basis is a fund…