CNH Industrial shares open at $12.75 on first day of NYSE trade

Reuters

MILAN, Sept 30 (Reuters) - Shares in truck and tractor makerCNH Industrial opened at $12.75 on their first day oftrade on the New York Stock Exchange (NYSE) on Monday.

CNH Industrial is the new name for the group created fromthe merger of Fiat Industrial and its CNH unit, which tookeffect on Monday. The combined group's shares shifted theirprimary listing from Milan to New York.

The company's secondary listing is in Milan, where sharesdebuted at 9.56 euros. Fiat Industrial was spun off from sistergroup Italian automaker Fiat in 2011.

Fiat Industrial closed at 9.75 euros on Friday, its last dayof trading.

CNH Industrial builds construction equipment, agriculturalmachinery and trucks in 190 countries and employs over 65,000people.

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