Italy’s Agnellis Divest Further With $700 Million CNH Stake Sale

CNH Industrial NV agreed to sell 70 percent of its construction equipment business to a unit of Japan's Kobe Steel. The sale represents a continued effort by the Agnelli family to reduce its industrial holdings. Financial terms were not disclosed in the original reporting, though the transaction was valued at approximately $700 million according to market sources.

• Bloomberg — Italy’s Agnellis Divest Further With $700 Million CNH Stake Sale

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