CompaniesIveco Group NVFollowTata Motors Passenger Vehicles LtdFollowLeonardo SpAFollowROME, Nov 7 (Reuters) – The Italian government has given its conditional approval to the sale of truck-maker Iveco (IVG.MI), opens new tab to India’s Tata Motors (TAMO.NS), opens new tab, a parliamentary document showed on Friday.The decision was made on October 31, the document added.
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Tata Motors has agreed to buy Iveco in a deal valued at 3.8 billion euros ($4.36 billion), after the truck-maker separately agreed to sell its defence business to Italian state-backed defense group Leonardo (LDOF.MI), opens new tab.
Reporting by Giuseppe Fonte, editing by Gavin Jones
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