Iveco is said to weigh sale of defense unit for as much as $1.6B

Last updated: March 23, 2025 11:00 am

By MT HANNACH

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IVECO MAGIRUS military truck — GESTUR Gislason / ISTOCK Editorial via Getty Images

Italian truck manufacturer Iveco (OTCPK: IVCGF) can aim to obtain up to 1.5 billion euros ($ 1.6 billion) thanks to the potential sale of its defense activities, Bloomberg News reported on Friday, citing people familiar with the problem. This decision comes as the increase in defense budgets across Europe lead