CNH Announces Agreement to Form a Joint Venture by Selling a 70% Interest in its Construction Equipment Business to Kobelco Construction Machinery

CNH agreed to sell a 70% stake in its Construction Equipment business to Kobelco Construction Machinery, valuing the unit at a $1 billion enterprise value. CNH will receive $700 million in cash, earmarked for debt reduction, and retain a 30% JV stake under a three-year lock-up; the deal is expected to close by the end of 2027 pending regulatory approvals. The move completes CNH's transformation into a pure-play agriculture equipment and technology company and is expected to be accretive to margins.

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