Icelandic company Marel hf., closed its stock offering yesterday, in which 75 million new shares were offered at the rate of ISK .74 per share, amounting to ISK 5.5 billion. Investors showed vast interest, wanting to buy shares in the company for a total of ISK 35.8 billion, which is beyond the company’s market value. This is reported by VÍSIR online.
Marel is a global leader in the design and manufacture of computerized scales and assembly lines for the food industry. Hördur Arnarson, Marel’s CEO, says he is extremely pleased with the support that investors were prepared to give to the company and that there are exciting times ahead in which the many opportunities facing the company will be exploited.