EU Clears Leonardo Iveco Defence Deal
The European Commission approved Leonardo taking over Iveco defence unit. The 1.7 billion euro deal was announced in July 2025. It paves the way for Tata Motors tender offer.
Xurve View
Insights:
Xurve View
LEONARDO SPA received antitrust clearance from the European Commission on Wednesday afternoon to acquire the defense division of IVECO GROUP NV for €1.7 billion ($1.89 billion). The deal clears a path for a separate buyout bid targeting the remaining commercial operations in Italy. The transaction reshapes the European defense landscape as regional capitals consolidate military manufacturing.
