Arctica Finance advisor to Eyrir Invest in connection with the merger of JBT and Marel
Today, Friday, December 20, it was announced that over 90% of the shareholders of Marel hf. have accepted the takeover offer of John Bean Technologies Corporation (JBT) to the shareholders of Marel. With this, all the conditions of the offer are fulfilled. The merger of these two leading companies within their sector will now move forward.
The origin of the transaction can be attributed to the fact that Eyrir Invest hf., Marel's largest shareholder with a 25% stake, approached JBT representatives in late 2023 with the intention of exploring their interest in acquiring a majority stake in Marel. The foundation was laid there for the transaction that is now being completed with the overwhelming approval of Marel's shareholders.
Arctica Finance is Eyris Invest's advisor in the transaction.
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