Iveco Said to Near Defense, Commercial Deals With Leonardo, Tata
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Iveco Group NV is nearing a deal to sell its defense unit to Leonardo SpA and the commercial trucking business to India's Tata Motors Ltd., according to people familiar with the matter.
Iveco could announce both transactions as early as Wednesday, when it's scheduled to report earnings, said the people, who asked not to be identified because the talks are private. While negotiations are advanced, they could still be delayed or fall apart, the people cautioned.
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