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Rana Gruber transfers to the main market at Oslo Børs

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  • The third transfer on Oslo Børs in 2022
  • Market capitalisation of approximately NOK 2.35 billion

 

Oslo – 28 March 2022 – Oslo Børs, part of the Euronext Group, today congratulates iron ore producer and supplier, Rana Gruber, on its transfer from Euronext Growth Oslo to the main market (ticker: RANA). This is the third transfer on Oslo Børs so far in 2022, bringing the  total number of companies on the main market to 209.

Rana Gruber has more than 200 years of mining experience and has its own mines with iron ore deposits. The mines are located outside of Mo i Rana in Norway, and the company has a production capacity of 1.8 million tons of iron ore concentrates and specialty products.

At opening, the share price was set at NOK 63 per share. This corresponds to a total estimated value of the company of approximately NOK 2.35 billion.

Gunnar Moe, CEO of Rana Gruber, said: “The listing of Rana Gruber at Oslo Børs’ main list marks an important milestone for our company, but also for the entire business community in Northern Norway. Hopefully, this inspires also other businesses to dare to think big. We have more than 200 years of experience from mineral extraction, large reserves of iron ore, and an ambition to become the first carbon free iron ore producer in the world by the end of 2025. Being listed on the main list, we gain access to a deeper and global capital base, in addition to providing broader access to an investment in Norway’s only iron ore producer.”

Download press release - Rana Gruber

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About Euronext 
Euronext is the leading European capital market infrastructure, covering the entire capital markets value chain, from listing, trading, clearing, settlement and custody, to solutions for issuers and investors. Euronext runs MTS, one of Europe’s leading electronic fixed income trading markets, and Nord Pool, the European power market. Euronext also provides clearing and settlement services through Euronext Clearing and its Euronext Securities CSDs in Denmark, Italy, Norway, and Portugal. As of December 2024, Euronext’s regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway, and Portugal host over 1,800 listed issuers with around €6 trillion in market capitalisation, a strong blue-chip franchise and the largest global centre for debt and fund listings. With a diverse domestic and international client base, Euronext handles 25% of European lit equity trading. Its products include equities, FX, ETFs, bonds, derivatives, commodities and indices. 
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