Icelandic food-processing company listed on Amsterdam exchange

Marel, an originally Icelandic manufacturer of chicken, meat, and poultry processing equipment, is set to get a second listing on Amsterdam’s stock exchange. The company has been listed in Reykjavik since 1992, where it is the largest company by market cap. Marel is issuing a total of 100 million new shares, raising € 370 million in new capital. With its listing in Amsterdam, Marel is seeking to increase the marketability of shares in the company, which also has a presence in the Dutch towns of Boxmeer and Lichtenvoorde.