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CNH Industrial reviews options for Iveco division: report

Agricultural equipment manufacturer CNH Industrial NV is considering combining its Iveco truck division with a competitor or spinning off the business, among other options, in an attempt to maximize profits, Bloomberg News reported, citing people familiar with the matter.

The company could be planning a strategic review of the division, which could be announced in an investor meeting next week, Bloomberg said, citing the people. Neither a plan nor a deal is finalized yet, Bloomberg added.