Investor acquires shares in Marel Food Systems

by Editor
Monday, September 28, 2009

Funds managed by Columbia Wanger Asset Management have acquired close to 32.2 million shares in Marel Food Systems hf., equivalent to a 5.2% ownership, at the price of ISK 59.0 per share.

Columbia Wanger Asset Management, L.P. is an SEC-registered investment advisor and indirect, wholly owned subsidiary by Bank of America Corporation. The transaction increases Marel Food Systems’ hf. foreign ownership from 11% to 16%, which is in line with the company‘s stated goal to strengthen and internationalise its shareholder base.