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GC Asia
Marel shares jump after Amsterdam listing draws ESG interest
Shares in Marel, the Icelandic meat processing machinery maker, rose by more than 8% on its first morning of trading in Amsterdam after a popular IPO which attracted a broad range of investors, including environmental, social and governance funds.
Citigroup and JP Morgan are global co-ordinators on the deal; ABN Amro, ING and Rabobank bookrunners. STJ Advisors is financial adviser to Marel.
The company sold 90.9m new shares at €3.70 a share as part of the base deal, raising €336m. Should a greenshoe be exercised this will rise to €370m.
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