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Champion Iron Secures Over 90% Acceptance in Rana Gruber Takeover Bid

8:40am on Thursday 12th of March, 2026 AEDT Mining
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Champion Iron Secures Over 90% Acceptance in Rana Gruber Takeover Bid

8:40am on Thursday 12th of March, 2026 AEDT
Key Points
  • Champion Iron receives acceptances representing approximately 90.07% of Rana Gruber shares
  • Minimum shareholder acceptance condition satisfied for voluntary cash offer
  • Completion subject to customary verifications and other closing conditions
  • Plans for compulsory acquisition of remaining shares under Norwegian regulations
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