The group said its primary plan is to achieve a plain delisting from Milan and do so by early 2024, but did not rule out alternative paths to achieve the same goal, including a corporate reorganisation.

"Concentrating trading in one market will allow for increased liquidity and investor focus, while further simplifying the company profile and compliance requirements," the company said in a statement.

Shares declined after the news and fell 2% by 1138 GMT, underperforming a 0.8% rise in Italy's blue chip index before recovering some lost ground.

Milan saw an exodus of companies from its market last year, a trend that legislators and regulators would like to reverse.

Among the companies that left the 200-year-old Borsa Italiana last year were Exor itself, while road and airport operator Atlantia departed after a buyout.

Since spinning off its truck-making business Iveco Group last year, most of CNH's stock trading has shifted to New York, showing that the group's new business profile and investor base fit better with a single U.S. listing, it said.

The chief executive of Exor, CNH's parent company, said last November that going from a double to single listing for CNH Industrial did not mean taking the firm private.

CNH Industrial, which has had a dual listing for the past decade, said that Goldman Sachs was acting as its financial advisor for the delisting.

The group is due to report its fourth-quarter results later in the day.

(Reporting by Federico Maccioni; editing by Keith Weir)