London / Turin, 31st December 2021

The deed of demerger between CNH Industrial N.V. and Iveco Group N.V. has been executed

Today CNH Industrial N.V. (“CNH Industrial”) and Iveco Group N.V. (“Iveco Group” or the “Company”) have executed the deed of demerger whereby, effective January 1, 2022, the relevant Iveco Group business segments will separate from CNH Industrial (the “Demerger”) and Iveco Group will become a public listed company independent from CNH Industrial (the “Admission”). As previously announced, Iveco Group common shares will begin trading on Euronext Milan, a regulated market organised and managed by Borsa Italiana S.p.A., on January 3, 2022 under the ticker symbol ‘IVG’.

In this transaction CNH Industrial was advised by Morgan Stanley & Co. LLC, BofA Securities, and Barclays Bank Ireland PLC. Citi and BNP Paribas advised Iveco Group on the transaction. Goldman Sachs & Co. LLC and JP Morgan Securities LLC provided financial advice. Intesa Sanpaolo S.p.A. and UniCredit Bank AG, Milan Branch acted as sponsors for the Admission.

For further information, please see the documents available at IVG’s website (