DEMERGER OF IVECO GROUP AND DIRECTORS APPOINTMENT APPROVED BY CNH INDUSTRIAL SHAREHOLDERS
London, December 23, 2021
CNH Industrial N.V. (“CNHI”) (NYSE: CNH / MTA: CNH) announces that its shareholders’ meeting, held today, approved the proposal to allow the demerger of Iveco Group business from CNH Industrial. This proposal was approved by an overwhelming majority (with more than 99% of the votes cast in favor of the transaction).
Following today’s approval by shareholders and receipt of the final regulatory clearances over the course of the current month, CNH Industrial expects to complete the demerger on December 31, with the effective date on January 1, 2022.
Admission to listing and to trading of Iveco Group N.V. common shares on Euronext Milan will be subject to further announcements.