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Stock exchange may be next major milestone for Rana Gruber

The owners of Rana Gruber consider a potential listing on Euronext Growth Oslo, part of Oslo Børs, likely during the first quarter of 2021.

Rana Gruber, a Norwegian sustainable iron ore producer and supplier established in 1964, has engaged Clarksons Platou, DNB Markets and SpareBank 1 Markets as financial advisors to assist in the process.

The company will deliver a strong underlying performance in 2020, while iron ore and steel futures have surged throughout the autumn.

– There will be enormous activity on infrastructure projects around the world that put pressure on the prices of steel and iron ore, CEO Gunnar Moe tells Finansavisen.

The company, with its roots firmly planted in northern Norway, wants to open for a wider range of investors through a partial divestment from majority owner LNS Mining.

Preliminarily, Rana Gruber is aiming for a listing on Euronext Growth, but has already announced ambitions to be listed on the Oslo Stock Exchange’s main market Oslo Børs.

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