Report
Martijn Den Drijver

MAREL HF : Unsolicited potential offer for MAREL with support of Eyrir (24.7%)

>MAREL has received a Non-binding initial proposal to acquire 100% of MAREL - MAREL has received a non-binding initial proposal from an undisclosed party that may lead to an offer. The offeror has an irrevocable commitment from Eyrir, which holds 24.7% of MAREL. The MAREL board has indicated it will review the offer and communicate with the market when appropriate. The mandatory timelines do not apply yet as no formal offer has been made yet, just the intention to po...
Underlying
Marel hf.

Marel hf is an Iceland-based holding company active within the food industry. It is primarily engaged in providing equipment, systems and services for the poultry, meat and fish processing industry. The Company activities are divided into following segments: Poultry, including processing systems for broilers, turkeys and ducks; Fish, providing equipment and system for processing whitefish an salmon; Meat, including systems and services to the red meat industry, such as deboning and trimming, case ready and bacon processing; Further Processing, including portioning and forming, marinating, coating, frying, cooking and sausage making; and More Foods, including systems and services to processing such foods as vegetables, fruit and cheese. The Company's distribution network includes sales and service units in over 30 countries. The Company operates Sulmaq Industrial e Comercial SA as subsidiary.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Martijn Den Drijver

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