OSLO, NORWAY: The Norwegian iron ore producer Rana Gruber transfers its shares from Euronext Growth and lists on Oslo Stock Exchange.
The firm is the one mining firm listed on the Oslo Stock Exchange’s main list and the second firm located in Northern Norway.
Rana Gruber is a Norwegian iron ore producer, which has been traded on Euronext Growth since February 2021. The firm will now be the primary from the Nordland county (excluding the financial institution Sparebank 1 Helgeland) to list on Oslo Stock Exchange. The first day of buying and selling is 28 March (RANA).
“The itemizing of Rana Gruber on the inventory exchange’s main list marks an important milestone for our company, however additionally for the entire enterprise community in Northern Norway. Hopefully, this inspires additionally different companies to dare to think big”, says Gunnar Moe, CEO of Rana Gruber.
In 2021, Rana Gruber booked revenues of NOK 1.7 billion and an working revenue earlier than depreciation and amortisation (EBITDA) of NOK 937 million.
“We have greater than 200 years of expertise from mineral extraction, large reserves of iron ore, and an ambition to become the primary carbon free iron ore producer within the world by the finish of 2025. Being listed on the main list, we gain entry to a deeper and global capital base, along with offering broader entry to an funding in Norway’s solely iron ore producer”, he says.
Mo i Rana has a proud industrial history, and today, Rana Gruber is one of many region’s largest and most important employers with almost 300 employees. When the corporate was admitted for buying and selling on Euronext Growth in February 2021, greater than 60 per cent of the company’s employees selected to make investments within the company.
“I am each proud of and grateful for the efforts of all my colleagues. The fact that so many employees selected to make investments of their employer is but one other signal of the dedication that drives Rana Gruber forward”, says Moe.
Rana Gruber is a Norwegian iron ore producer and provider established in 1964, with operations based on greater than 200 years of mining experience. The company’s merchandise are based on personal pure mineral resources, that are upgraded and tailor-made for applications and exported to its customers worldwide. Rana Gruber produces and sells iron ore concentrate, primarily serving metal producers and participants within the chemical industry. Rana Gruber additionally produces and sells micronised iron oxides and different dissemination of iron ore, which primarily serves paint manufactures and participants within the building- and automotive industries. Rana Gruber has about 300 employees and a manufacturing capability of 1.8 million tons of iron ore concentrates and specialised products.
www.ranagruber.no