Shares in Icelandic food processing company Marel were admitted to trading on the Euronext stock exchange in Amsterdam this morning, Kjarninn reports. The company’s shares rose in value immediately as trading began. Marel will continue to be listed on the Iceland Stock Exchange as well.
Marel is one of the world’s largest manufacturers of food processing machinery, employing around 5,500 people in over 30 countries. The company’s total market value has been estimated at €2.82b (ISK 393b/$3.2b).
“The listing on the Euronext Exchange will support the next steps in the company’s development and support ambitious growth goals,” stated Marel CEO Árni Oddur Þórðarson. “Our vision is a world where high quality foods are produced in a cost-effective and sustainable way.”