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Petrus Advisers, which holds between 3% and 5% of Iveco Group N.V. shares, has responded to Tata Motors’ proposed tender offer of €14.10 per share with a cautious statement. They are currently reviewing the offer and express a willingness to enter discussions with both Tata Motors and Iveco, as well as other involved parties.

Petrus Advisers, based in London and founded in 2009, is a regulated investment management firm known for its strategic investments in European equities. The firm’s focus on constructive engagement aims to foster collaboration with management teams of companies in which they hold significant stakes.

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