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Iveco Group NV ( (IT:IVG) ) just unveiled an announcement.
TML CV Holdings Pte. Ltd., a company fully owned by Tata Motors Ltd., has filed an offer document with Consob for a voluntary public purchase offer on all ordinary shares of Iveco Group N.V., a company listed on Euronext Milan. This move is part of a strategic acquisition effort by TML CV Holdings, highlighting its interest in expanding its market presence through the acquisition of Iveco Group’s shares, subject to regulatory approvals and compliance with Italian and U.S. securities laws.
The most recent analyst rating on (IT:IVG) stock is a Hold with a EUR20.40 price target. To see the full list of analyst forecasts on Iveco Group NV stock, see the IT:IVG Stock Forecast page.
More about Iveco Group NV
Average Trading Volume: 2,861,578
Technical Sentiment Signal: Buy
Current Market Cap: €6.34B
For a thorough assessment of IVG stock, go to TipRanks’ Stock Analysis page.