TML Group Subsidiary Launches Tender Offer for Iveco Group Shares, Consob Approves Document
A voluntary totalitarian tender offer has been announced for all common shares of Iveco Group N.V. (IVG). The offer is promoted by TML CV Holdings Pte. Ltd., through its subsidiary TML CV Holdings B.V., following the approval of the Offer Document by Consob, the Italian regulatory body.The Offer targets all common shares of Iveco Group N.V. The tender offer is set to be launched in Italy and extended to the United States of America.
The key terms of the tender offer are as follows:
| Detail | Information |
|---|---|
| Target Company | Iveco Group N.V. (IVG) |
| Offeror | TML CV Holdings B.V. |
| Consideration | Euro 14.10 (cum dividend) per Common Share |
| Acceptance Period | September 7, 2026, to October 26, 2026 |
| Initial Payment Date | October 30, 2026 |
The acceptance period for the Offer is scheduled to commence on September 7, 2026, and conclude on October 26, 2026. The consideration, set at Euro 14.10 per Common Share (cum dividend), will be paid by the Offeror to shareholders who accept the Offer during this period, scheduled for October 30, 2026.
The terms of the Offer include a potential reopening period, subject to meeting legal requirements. If successful, the acceptance period may be reopened for five trading days, running from November 2, 2026, to November 6, 2026. The payment date for the consideration during this potential reopening period would be November 13, 2026.
TML CV HS, which promotes the Offer through TML CV Holdings B.V., has confirmed that the Offer Document has received approval from Consob, pursuant to Resolution No. 24119 dated September 3, 2026.
The Offer is directed to all holders of the Common Shares and is being launched in Italy and extended to the United States of America.
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