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American Conglomerate Makes Takeover Bid For Marel
Chicago, U.S., conglomerate John Bean Technologies Corporation (JBT) has made a takeover bid for Icelandic food processing company Marel, reports RÚV. JBT submitted their takeover bid for Marel on November 23. The offer is non-binding and conditional on the approval of regulatory…
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Finance Minister’s Family Purchase State Assets Behind Closed Doors
Finance Minister Bjarni Benediktsson’s family was granted early access to an unadvertised share sale that allowed them to purchase a stake in Landsbankinn asset Borgun, reports Kjarninn. In all, Landsbankinn sold 31.5% of Borgun shares in this sale to a number of companies. The largest…
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Finance Minister Wants To Sell Landsbankinn
Finance Minister Bjarni Benediktsson has said he wants to sell the government’s shares in Landsbankinn. Bjarni told RÚV that ideally the government would retain 40% ownership and no more than 10-20% of shares would be sold to any one buyer. “Parliament has…