CNH Industrial to Delist From Euronext Milan, Retain Single Listing on New York Stock Exchange

By Pierre Bertrand

CNH Industrial NV said Thursday that it plans to switch to a single stock listing on the New York Stock Exchange, from its current dual listing in New York and Milan.

The company said it intends to achieve its single listing by early 2024.

CNH Industrial said a majority of its stock trading has progressively shifted to New York after it spun off Iveco Group NV in January 2022.

The company said the move will better suit its investor base.

"Concentrating trading in one market will allow for increased liquidity and investor focus, while further simplifying the company profile and compliance requirements," CNH said.

While CNH's aim is to delist from the Milan exchange, it could explore alternative measures, including a corporate reorganization, which could achieve the same goal, the company said.

Write to Pierre Bertrand at pierre.bertrand@wsj.com

(END) Dow Jones Newswires

February 02, 2023 06:40 ET (11:40 GMT)

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