The €350m listing in Amsterdam of Marel, the Icelandic meat processing machinery maker, is covered on the second day of bookbuilding, having gained early momentum partly by attracting two cornerstone orders.
Marel has been listed on the Icelandic stock exchange, now Nasdaq Iceland, since 1992, but is seeking an additional listing.
Citigroup and JP Morgan are global co-ordinators on the deal; ABN Amro, ING and Rabobank bookrunners. STJ Advisors is financial adviser to Marel.
Marel is selling 100m