Tata Motors is in the process of arranging a €3.875bn ($4.5bn) bridge loan to finance its intended purchase of the commercial vehicle (CV) division of Iveco Group. This transaction is poised to be among the most significant of its kind in Asia for the current year, reported Bloomberg, citing familiar sources. The loan, which has a 12-month term, is backed by a letter of support from the Tata Group’s investment holding company, Tata Sons. The financing arrangement is said to include a blended interest ra ...