Published by Global Banking & Finance Review®
Posted on July 29, 2025
2 min readLast updated: January 22, 2026
Add as preferred source on GoogleIveco is in advanced talks for deals involving its defence unit and the rest of the company, with potential announcements imminent.
MILAN (Reuters) -Italian truck maker Iveco said on Tuesday it was in "ongoing, advanced" talks with different parties for two separate deals regarding its defence business and the rest of the company.
"The board of directors of the company is in the process of carefully reviewing and evaluating all aspects of these potential transactions," the company said in a statement, without giving further details.
Iveco added its board would keep the market updated in line with applicable laws. Shares in Iveco rose 6.6% by 1250 GMT.
Two sources close to the matter told Reuters the deals could be announced as early as Wednesday, when Iveco is due to report first half results.
Reuters first reported this month that Exor, the Agnelli investment company which owns a controlling stake in Iveco, was in talks with Tata Motors for the sale of the company. Exor declined to comment.
A third source separately said the possible deal with Tata was "complex" and required Iveco disposing of its defence business first because, as a supplier of the Italian army, the division had to remain in domestic hands.
Iveco has been working to spin off its IDV defence business, while also exploring a possible sale given interest from potential suitors.
It has received three offers for IDV: from Italian state-controlled defence group Leonardo, which is partnering with Germany's Rheinmetall. Another two, respectively, from Franco-German tank maker KNDS and Czech arms company Czechoslovak Group.
(Reporting by GIulio Piovaccari and Giulia Segreti, editing by Gianluca Semeraro and Valentina Za)
Iveco is in advanced talks for two separate deals regarding its defence business and the rest of the company.
Shares in Iveco rose 6.6% following the announcement of the ongoing negotiations.
Exor, the Agnelli investment company that owns a controlling stake in Iveco, is in talks with Tata Motors for the sale of the company.
Iveco has been working to spin off its IDV defence business and has received three offers from potential suitors.
The deals could be announced as early as Wednesday when Iveco is scheduled to report its first half results.
Explore more articles in the Headlines category
