For Iveco, the debut in Piazza Affari is approaching. Borsa Italiana has, in fact, admitted the Iveco (IVG) ordinary shares to listing on Euronext Milan. Today IVG also filed with Borsa Italiana the application for admission to trading of its ordinary shares on Euronext Milan. The first trading day should be January 3, 2022, pending confirmation from Borsa Italiana
The note states that the demerger of IVG from CNH Industrial will become effective on January 1, 2022, following the signing of the related demerger deed scheduled for December 31. Each holder of Cnh Industrial ordinary shares will receive one IVG ordinary share for every five Cnh shares held. The outstanding CNH ordinary shares will be quoted “ex-assignment” from January 3, 2022 and the record date for the assignment will be January 4, 2022 on both Euronext Milan and NYSE. IVG ordinary shares will be entitled to dividends starting from January 1, 2022.
Intesa Sanpaolo and UniCredit Bank, Milan branch were the sponsors of the operation. The law firms Legance-Avvocati Associati and Freshfields Bruckhaus Deringer LLP assisted Iveco Group, while Cleary Gottlieb Steen & Hamilton assisted the sponsors. IVG’s auditing firm is Ernst & Young.