Marel ups Stork stake to almost 20%

LME, the consortium led by Icelandic food systems maker Marel, has upped its stake in Dutch engineering group Stork to almost 20%, the Financieele Dagblad reports on Thursday.

LME is now the biggest individual shareholder in Stork, the paper says, quoting financial sources in Reykjavik.
Last week, UK private equity house Candover made a €47 per share offer for Stork, dependent on it getting 80% of Stork’s outstanding shares.
Marel is interested in Stork’s own food systems division. Two other shareholders have also said they will not sell their stakes.

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