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India's Tata Motors has received 87.8% of the shares of Italian truck maker Evoque following a takeover bid, Reuters reports. The total value of the acquisition of the commercial vehicle business is estimated at 3.8 billion euros. At the beginning of October, the car manufacturer raised the repurchase price from 14.1 to 14.4 euros per share, which made it possible to overcome the required approval threshold of 80%.

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India's Tata Motors has received 87.8% of the shares of Italian truck maker Evoque following a takeover bid, Reuters reports. The total value of the acquisition of the commercial vehicle business is estimated at 3.8 billion euros. At the beginning of October, the car manufacturer raised the repurchase price from 14.1 to 14.4 euros per share, which made it possible to overcome the required approval threshold of 80%.

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