[ptschett]

I can't help but wonder if the continual rumor stream back in the carpocalypse days, with headlines like "Fiat to sell [industrial business] to [competitor] to finance Chrysler merger?" was part of the reasoning behind the demerger 2+ years ago that moved CNH and Iveco to Fiat Industrial and separated them from Fiat Auto.

CNH is incorporated in the Netherlands under Dutch law:
http://investors.cnh.com/phoenix.zhtml?c=61651&p=irol-reportsannual

 

[ptschett]

What motivation would there be for Fiat Industrial to sell CNH & Iveco? ...especially considering that FI & CNH are known to be working toward a merger...

http://www.fiatindustrial.com/it-IT/investor_relations/shareholders/combination/FiatDocuments/FI_-_DutchCo_Merger_Plan.pdf


Per page 5/6 of the above link:

...Following completion of the Transaction, all existing business activities, shareholdings and other assets belonging to as well as liabilities pertaining to FI and CNH will be consolidated into (or controlled by, as the case may be) one single legal entity [...] FI is currently listed on the Mercato Telematico Azionario organized and managed by Borsa Italiana S.p.A. (Mercato Telematico Azionario) and CNH is listed on the New York Stock Exchange (NYSE). The Transaction is, therefore, also intended to simplify the capital structure of the FI group by creating a single class of liquid stock with a listing on the NYSE and on the Mercato Telematico Azionario.