CNH Industrial to sell 70% of construction business to Kobelco

CNH Industrial agreed to sell 70% interests in newly formed entities holding its Construction Equipment business to Kobelco Construction Machinery for $700 million, retaining a 30% joint-venture stake.

“CNH expects to receive $700 million in cash, equal to 70% of the agreed $1 billion enterprise value.”stocktitan.net

• 3 sources
• stocktitan.netCNH Industrial to sell 70% construction stake | CNH 8-K FilingNov 9, 2026
• entreprenaden.seKobelco tar över 70 procent av Case anläggningsmaskiner | EntreprenadenStina ClaessonNov 9, 2026
• vistatradehub.comCNH Industrial to Sell 70% Equipment Stake to KobelcoNov 9, 2026

Summarized from public sources; check the original articles before acting on it.