Marel attracts anchor bids from BlackRock, Credit Suisse

Marel_Iceland__2_alamy_230x150
By Aidan Gregory
29 May 2019

Marel, the Icelandic meat processing machinery company, has secured cornerstone orders from BlackRock and Credit Suisse Asset Management for its €350m IPO on Euronext Amsterdam.

The two investors have committed at the launch of the bookbuild to subscribe for up to €102m between them, around 27% of the shares on offer, within the €3.40 to €3.90 price range. 

Neither have invested in the company before despite it being already listed in Iceland.

“Marel ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial

Want to learn more? View subscription options