Iceland’s Marel offers play on global demand for meat

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By Aidan Gregory
20 May 2019

Marel, the Icelandic meat processing machinery maker, has announced its intention to seek an additional listing on Euronext Amsterdam before the summer, as it aims to tap into growing global demand for meat products.

With revenues of €1.3bn in 2018, Marel is already one of Iceland’s largest listed companies, with a market capitalisation of Ikr390bn (€2.8bn) on Nasdaq Iceland.

In a statement on Monday, the company said it would sell up to 100m new shares on Euronext Amsterdam, a 15% capital increase, ...

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