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Iveco Group publishes the Informative Document concerning the sale of its Defence business
Globenewswire· 2026-03-31 16:00
Turin, 31st March 2026. Iveco Group N.V. (EXM: IVG) published today the Informative Document concerning the sale of its Defence business to Leonardo S.p.A., as announced on 18th March 2026. The document (prepared pursuant to Article 71, paragraph 1, and in accordance with Schedule No. 3 of Annex 3B to the Regulation adopted by CONSOB with Resolution No. 11971 of 14th May 1999, as amended) is available in the Investors section of the Iveco Group corporate website at www.ivecogroup.com. Iveco Group N.V. (EXM: ...
Iveco Group announces the results of the Extraordinary General Meeting
Globenewswire· 2026-03-25 10:00
Core Viewpoint - Iveco Group N.V. has announced the approval of an interim dividend distribution to shareholders following the sale of its Defence business to Leonardo S.p.A. [1] Group Summary - The Extraordinary General Meeting held on 25 March 2026 in Amsterdam approved the distribution of net proceeds from the Defence business sale [1] - The estimated net distributable dividend is projected to be between €5.7 and €5.8 per issued and outstanding common share, with the final amount to be determined by the Board of Directors by 15 April 2026 [2] - The ex-dividend date is set for 20 April 2026 [2] Company Overview - Iveco Group N.V. is a global player in the automotive industry, known for its strong Italian heritage and international reach [4] - The company employs 33,000 people and operates 16 industrial sites and 22 R&D centres, focusing on sustainable mobility and customer-driven technologies [4] - Its five brands include IVECO, FPT, IVECO BUS, HEULIEZ, and IVECO CAPITAL, each playing a significant role in their respective sectors [4]
Iveco Group transfers its Defence Business to Leonardo to create a European champion in the defence segment
Globenewswire· 2026-03-18 17:00
Core Viewpoint - Iveco Group N.V. has transferred full ownership of its Defence Business to Leonardo S.p.A. for an enterprise value of €1.7 billion, creating a stronger competitor in the European land defence segment [1] Group 1: Transaction Details - The sale price of the Defence Business is set at €1.6 billion, subject to closing adjustments, with final settlement expected by early April [1] - The Defence Business Unit had a book value of €313 million as of December 31, 2025, and has been classified as "Discontinued Operations" since Q3 2025 [4] Group 2: Shareholder Impact - Net proceeds from the sale will be distributed to shareholders as an extraordinary interim dividend, estimated at €5.7-5.8 per share [2] - The payment of the extraordinary dividend is anticipated to occur in April, with an ex-dividend date of April 20 [2] Group 3: Corporate Strategy - The transaction's completion is a condition for Tata Motors Limited's voluntary tender offer for all issued common shares of Iveco Group [5] - The agenda item regarding the spin-off of the Defence Business through a demerger has been removed from the Extraordinary General Meeting agenda [3] Group 4: Company Overview - Iveco Group is a global player in the automotive industry, employing 33,000 people and operating 16 industrial sites and 22 R&D centers [6] - The Group's brands include IVECO, FPT, IVECO BUS, HEULIEZ, and IVECO CAPITAL, focusing on various sectors including commercial vehicles and advanced powertrain technologies [6]