Marel to be floated on Euronext Amsterdam
Processing equipment provider, Marel, had announced its intention to proceed with a public offering and listing on Euronext Amsterdam later in the year. This will be in addition to its listing on Nasdaq Iceland.
Árni Oddur Thórdarson, CEO, commented: “This is an exciting day for Marel as we announce our intention to float on Euronext Amsterdam in addition to our listing in Iceland. We are well positioned in highly attractive end-markets, supported by secular growth trends such as population growth, the rising middle class, and urbanisation that are driving demand for quality food that is produced sustainably and affordably.
“Marel is at the centerpoint of these prevailing trends and in partnership with our customers, our innovative approach is transforming the way food is processed. The dual listing will support our target of 12% average annual revenue growth in 2017-2026 which we will aim to achieve through market penetration and innovation, complemented by strategic partnerships and acquisitions.”