May 30, 2012 / 12:05 PM / 5 years ago

Fiat Industrial targets closing CNH deal by year-end

MILAN (Reuters) - Italian truckmaker Fiat Industrial FI.MI plans to merge with its U.S. farm equipment unit CNH CNH.N by year-end, the company said in a presentation slide.

The plan aims to build a global heavyweight industrial machinery group and shifting its focus towards North America.

Reporting by Antonella Ciancio

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