The billionaire Agnelli family’s CNH Industrial NV ended talks to sell its Iveco SpA truck and bus unit to China FAW Group Co. after the Italian government signaled it would oppose the deal.
CNH abandoned the talks because the Chinese automotive group didn’t present an acceptable offer for Iveco, according to a person familiar with the discussions, who asked not to be identified discussing confidential deliberations. Italy’s government had signaled its opposition to CNH selling to a Chinese company and later praised the decision to pull out of the talks.
NEW YORK – Una “road map” per creare valore. È questo il senso del piano industriale al 2024 presentato ieri da Cnh Industrial a Wall Street. Il perimetro dell’operazione, come anticipato, prevede la divisione del gruppo in due società quotate con lo spin off all’inizio 2021 dei camion Iveco e dei motori Fpt Industrial.
Cambiare per vincere
Il piano denominato non senza enfasi “Transform 2 Win” oltre allo scorporo, punta al raddoppio dei profitti e dei dividendi a fine 2024. John Elkann, presidente e ad della holding di controllo Exor ha commentato: «In qualità di maggiore azionista singolo di Cnh Industrial, Exor assicura pieno sostegno a questo piano, che mira a liberare tutto il potenziale della società, nell’interesse dei suoi azionisti».
Al completamento dello scorporo Exor continuerà ad essere azionista di riferimento in entrambe le società. Cnh Industrial, dunque, si divide in due. Lo scorporo arriva appena sei anni dopo la creazione di Cnh. Quando Fiat Industrial, nel settembre 2013, decise di quotare in una società a parte le attività legate a macchine agricole e veicoli commerciali….CONTINUA A LEGGERE:https://amp-ilsole24ore-com.cdn.ampproject.org/c/amp.ilsole24ore.com/pagina/ACBihth
Construction Equipment Market is anticipated to exceed USD 170 billion by 2024. The globally flourishing construction sector is surging the demand for high-performance machinery that aids in reducing human involvement in the construction process. The rapid growth in the number of construction activities is exerting pressure on the existing human resources. The demand for sophisticated construction equipment that reduces the overall capital investment will contribute to the construction equipment market growth.
The Asia Pacific construction equipment market will witness a strong growth owing to the growing government focus toward the construction sector. Initiatives, such as Make in India and Made in China 2025, supporting the infrastructure sector will favor the industry growth. Initiation of projects, such as South-North Water Transfer Project in China, will propel the industry demand in the region. The development of smart city projects in Singapore will surge the demand for high-performance machinery.
CNH
The high initial and maintenance costs of the machinery discouraging the adoption of the equipment for small-scale construction projects will hinder the construction equipment market growth. Construction projects with limited monetary resources are still preferring traditional manual construction techniques over modern machinery. Equipment incorporated with the latest technologies, such as GPS and IoT, is further increasing the overall equipment cost, thereby restricting the construction equipment market growth.
CNH 2
Growth drivers
• Implementation of advanced technologies in construction equipment
• Increasing infrastructure investments globally
• Growing construction industry in China & India
• Rising equipment rental demand in North America & Europe
• Increasing rate of urbanization in the North America & Europe
• Increasing infrastructure and industrial projects in Russia
• Growing urbanization and safety concerns in India
• Growing reconstruction and maintenance activities in Japan
• Rapid infrastructure development in BRIC countries
• Recovering construction sector in Latin America
• Increasing investment in mining projects across Latin America & MEA
• Rising number of public private partnership projects in MEA
