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CNH INDUSTRIAL'S STOCK TO BE LISTED END OF THIS MONTH
Sep. 16, 2013
Farm Equipment magazine reports:
CNH Industrial, the company recently created by Fiat Industrial SpA's (FI.MI) acquisition of CNH Global NV (CNH), is set to have its stock begin trading in New York by the end of the month, its chairman said Friday.
"The listing of CNH Industrial in New York will be on Sept. 30," Sergio Marchionne, told reporters on the margins of an event. Fiat Industrial's acquisition of CNH creates the third largest capital goods maker in the world and the second biggest maker of farming machinery after Deere & Co.
The listing is the culmination of more than a year's work to create a single company with a simpler structure focused on engines, trucks, farm and construction machinery.
Fiat Industrial already owned most of CNH before it offered to buy out minority shareholders.
CNH Industrial, which will have a secondary stock listing in Milan, will be incorporated in the Netherlands. It has made a request to have fiscal residency in the United Kingdom.
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