By Laura Bonadies
TURIN--CNH Industrial, the company recently created by Fiat
Industrial SpA's (FI.MI) acquisition of CNH Global NV (CNH), is set
to have its stock begin trading in New York by the end of the
month, its chairman said Friday.
"The listing of CNH Industrial in New York will be on Sept. 30,"
Sergio Marchionne, told reporters on the margins of an event.
Fiat Industrial's acquisition of CNH creates the third largest
capital goods maker in the world and the second biggest maker of
farming machinery after Deere & Co.
The listing is the culmination of more than a year's work to
create a single company with a simpler structure focused on
engines, trucks, farm and construction machinery.
Fiat Industrial already owned most of CNH before it offered to
buy out minority shareholders.
CNH Industrial, which will have a secondary stock listing in
Milan, will be incorporated in the Netherlands. It has made a
request to have fiscal residency in the United Kingdom.
Write to Gilles Castonguay at gilles.castonguay@dowjones.com;
Twitter: @GRCastonguay
Subscribe to WSJ: http://online.wsj.com?mod=djnwires