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The latest update is out from Iveco Group NV ( (IT:IVG) ).
Iveco Group and DLL have announced a joint venture to expand access to low and zero-emission commercial vehicles in Europe. DLL will acquire a majority stake in GATE, a company currently controlled by Iveco Group, to support the transition to sustainable transport. This collaboration aims to provide financial support and expertise in asset financing, facilitating the growth and expansion of GATE’s sustainable mobility solutions. The joint venture will enhance GATE’s ability to offer rental solutions for low and zero-emission vehicles, initially strengthening its presence in Italy, France, and Germany, with plans to expand to other markets.
The most recent analyst rating on (IT:IVG) stock is a Hold with a EUR11.00 price target. To see the full list of analyst forecasts on Iveco Group NV stock, see the IT:IVG Stock Forecast page.
More about Iveco Group NV
Iveco Group N.V. is a leader in the automotive sector, focusing on commercial vehicles, buses, defense, industrial engines, and related financial services. It operates through several brands, including IVECO, FPT Industrial, IVECO BUS, HEULIEZ, IDV, ASTRA, and IVECO CAPITAL, employing 36,000 people worldwide. DLL, a subsidiary of Rabobank Group, is a global asset finance company providing financial solutions across various sectors, including agriculture, construction, and energy transition, with a strong commitment to sustainability.
Average Trading Volume: 2,351,481
Technical Sentiment Signal: Buy
Current Market Cap: €5.39B
For a thorough assessment of IVG stock, go to TipRanks’ Stock Analysis page.