Fiat Industrial wants to be listed on Wall Street. Il Sole 24 Ore writes it today, explaining that the Turin company and the US subsidiary Cnh have filed the documents relating to the fusion with the Sec, the American Consob, and the text also contained the preliminary prospectus for the listing in New York of FI Cbm Holdings NV, the Dutch newco in which the two companies will merge. The objective would be to close the operation by the end of the third quarter of this year.
The Boards of Directors have already approved the merger last February and now, by the end of June, the respective extraordinary shareholders' meetings should be convened to give the final go-ahead. At the end of the merger, Exor will control 27% of the new company, while Fiat Spa will hold 2,6%. Minority shareholders who currently hold 13% of CNH will have 9%.
Meanwhile, the new Cnh plant in Argentina was inaugurated in recent days, which should produce 2 agricultural machines, 4 tractors and 50 engines a year.
This morning, about an hour after the opening, the Fiat Industrial share in Piazza Affari moved slightly above parity.
