(Finance) – CNH Industrial has completed the voluntary delisting of his actions from Euronext Milan. CNH shares are now listed exclusively on the New York Stock Exchange, at the NYSE.
“The single listing on the NYSE is the last step in our simplification journey ongoing, which accelerated in 2022 when we became a pure company in the agricultural and construction machinery sector”, recalled the CEO Scott Winewho adds “considering this delisting and other initiatives implemented over the last two years, CNH is fundamentally a different company: more customer-focused, more efficient and more profitable. With this renewed foundation, we are excited about our future.”
As announced on February 2, 2023, the CNH’s decision to delist she was taken following a careful review of the relevant trading volumes on the two stock exchanges as well as the costs and administrative resources necessary to maintain the listing on Euronext Milan. There most negotiations CNH shares has progressively moved to the NYSE, indicating that the Company’s business profile and investor base are best suited to a single listing in the United States. Concentrate trading in a single market should allow for greater liquidity and investor focus, further simplifying business profile and compliance requirements.
Goldman Sachs & Co. LLC acts as financial advisor to CNH.