Why Tata Motors’ $4.4B Iveco acquisition is getting delayed
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Tata Motors' $4.4 billion acquisition of Italian commercial vehicle manufacturer Iveco has been delayed, the latter announced on Thursday.
The deal was originally expected to close in the June quarter but is now likely to be finalized by September quarter.
The delay is mainly due to pending regulatory approvals from European authorities, even though Iveco has received most required clearances.
Iveco was formerly part of Fiat's commercial vehicle division before becoming an independent enti
The deal was originally expected to close in the June quarter but is now likely to be finalized by September quarter.
The delay is mainly due to pending regulatory approvals from European authorities, even though Iveco has received most required clearances.
Iveco was formerly part of Fiat's commercial vehicle division before becoming an independent enti
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