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Champion Iron Eyes $289M Rana Gruber Buyout to Boost Green Steel Ambitions
8:39am on Monday 22nd of December, 2025 AEDT
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Champion Iron Eyes $289M Rana Gruber Buyout to Boost Green Steel Ambitions
8:39am on Monday 22nd of December, 2025 AEDT
Key Points
Conditional cash tender offer for Rana Gruber shares at NOK 79 per share
Transaction valued at approximately US$289 million, supported by Rana Gruber’s board and 51% shareholders
Financing includes US$100 million equity placement with La Caisse and US$150 million term loan from Scotiabank
Acquisition expected to be accretive to Champion’s revenue, EBITDA, and cash flow
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