Petrus Advisers Criticizes Tata Motors' Offer for Iveco Shares

Petrus Legal Strategies, part of Petrus Advisers, has urged Iveco Group N.V. shareholders to reject Tata Motors' €14.10 per share tender offer. Petrus, holding between 3% and 5% of Iveco's shares, expressed dissatisfaction over repeated delays in the deal's completion, now expected in November 2026, and the unchanged offer price.

The advisory firm highlights that Iveco's peers have seen significant value appreciation, with the STOXX Europe 600 index yielding over 20% since July 2025. As such, Petrus argues that the current offer undervalues Iveco shares, urging shareholders to await terms that reflect fair market value.

Petrus remains open to discussions with both Iveco and Tata Motors to reach equitable terms for all involved parties.