CNH agrees to form construction equipment joint venture with Kobelco

• CNH agreed to sell a 70% stake in its construction equipment business to Kobelco Construction Machinery to form a joint venture.
• The transaction values the business at $1 billion; expected cash proceeds total $700 million, subject to customary adjustments.
• A retained 30% equity stake keeps CNH invested in the venture; both partners face a three-year lock-up.
• Net proceeds will reduce debt, supporting a shift toward agriculture; the transaction is expected to increase margins.
• Closing is expected by the end of 2027, subject to regulatory approvals and customary conditions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CNH Industrial NV published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202611090130PRIMZONEFULLFEED1001302481) on November 09, 2026, and is solely responsible for the information contained therein.