Stock Exchange: Iveco sells 10% after spinoff, Cnh + 1%
Traumatic stock market debut for now for the title Iveco, which after a series of suspensions is traded on the market with a 10.5% drop in the price, which is fixed at 10.07 euros. The title Cnh instead it shows an increase of around 1% to 15.2 euros.
Iveco, CEO Gerrit Marx: “Stock market debut milestone, ready to face challenges”
” Our first day of quotation marks a historic milestone as we become a completely independent company. ”said the CEO of IVECO Group, Gerrit Marx, on the occasion of the debut in bag of the group in the commercial and special vehicles segments and in the powertrain. “I want to thank our president, Suzanne Heywood, and our board of directors for completing this spin-off operation, as well as the entire team of IVECO Group for taking up the challenge and putting in extra effort to accomplish it, “he continued. For Marx,” we have all the prerequisites for long-term success, starting with a solid foundation, a motivated team and a clear strategy. These elements will enable us to move quickly, innovate and forge partnerships to develop the best solutions in today’s rapidly changing environment. Furthermore, we are ready to face the global challenges of climate change by referring directly to the environmental, social and governance principles of our public responsibility. We are committed to transforming not only our operations, but also our target segment, supported by solutions that see us as pioneers in the most advanced sectors of road transport and propulsion, including alternative fuels, autonomous driving and new business models. “.