JBT is conducting a compulsory acquisition of Marel's remaining shares at a price of EUR 3.60 each to enhance its competitive position in the food processing industry.

Information on the Target

The Offeror, JBT, has announced a compulsory acquisition of all remaining outstanding shares in Marel that it does not already own. This decision, which is effective from January 2, 2025, follows the regulations set forth in articles 24 and 25 of act no. 2/1995 concerning public limited companies, as well as article 110 of act no. 108/2007 regarding takeovers. The acquisition is aimed at consolidating the ownership of Marel and aligning it more closely with JBT's strategic objectives.

Marel shareholders will receive an offered price of EUR 3.60 per share, or ISK 538, depending on the prevailing exchange rate. Additionally, shareholders have multiple options for compensation, including cash, shares in JBT, or a combination of both. The announcement includes a detailed redemption notice and a share transfer form that have been made available on various platforms, including those of JBT, Marel, and Arion Bank hf.

Industry Overview in the Target’s Specific Country

Marel operates in the food processing sector, which is a vital industry in Iceland. This sector has been historically significant due to the country’s reliance on fisheries and agricultural prod