The Deed of Demerger Between Cnh Industrial N.v. and Iveco Group N.v. Has Been Executed
Today CNH Industrial N.V. (CNH Industrial) and Iveco Group N.V. (Iveco Group or the Company) have executed the deed of demerger whereby, effective January 1, 2022, the relevant Iveco Group business segments will separate from CNH Industrial (the Demerger) and Iveco Group will become a public listed company independent from CNH Industrial (the Admission).
- Today CNH Industrial N.V. (CNH Industrial) and Iveco Group N.V. (Iveco Group or the Company) have executed the deed of demerger whereby, effective January 1, 2022, the relevant Iveco Group business segments will separate from CNH Industrial (the Demerger) and Iveco Group will become a public listed company independent from CNH Industrial (the Admission).
- In this transaction CNH Industrial was advised by Morgan Stanley & Co. LLC, BofA Securities, and Barclays Bank Ireland PLC.
- On December 23, 2021 CNH Industrial announced that CNH Industrial extraordinary shareholders meeting approved the Demerger.
- On December 17, 2021, CNH Industrial announced the publication of combined financial figures for both its Off-Highway and On-Highway businesses.