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Fiat Sets December for CNH Spinoff

According to Henry Kirn, machinery analyst for UBS, Fiat is aiming to finish up the “demerger” of its CNH group from its automotive business for December of this year.

Other information about the spinoff includes:

-       A new entity, to be named “Fiat Industrial,” would include CNH, Iveco and FPT Industrial and Marine.

-       Fiat Industrial is to be created with classes of shares exactly mirroring Fiat’s current structure.

-       As currently proposed, every Fiat shareholder is to own one share of Fiat SpA and one share of Fiat Industrial after demerger and listing.

Posted May 3, 2010

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