Tata Motors has launched a €14.1-per-share cash tender offer for Iveco Group, valuing the Italian commercial vehicle maker at €3.82 billion. Backed by Ivecos largest shareholder Exor, the deal targets full acquisition and delisting, amid strong Tata Motors commercial vehicle sales.

Tata Motors' offer to acquire Iveco shares approved; acceptance opens September 7, offering €14.10 per share, including dividend.