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Champion Iron’s $289M Bid for Rana Gruber Boosts Green Steel Ambitions
8:40am on Monday 22nd of December, 2025 AEDT
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Champion Iron’s $289M Bid for Rana Gruber Boosts Green Steel Ambitions
8:40am on Monday 22nd of December, 2025 AEDT
Key Points
All-cash offer values Rana Gruber at approximately US$289 million
Funding includes Champion’s liquidity, $100M private placement, and $150M term loan
Deal supported by Rana Gruber’s management and 51% shareholder pre-acceptance
Transaction expected to close by Q2 2026, subject to conditions
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