ASX:CIAMetals and Mining
Champion Iron’s Rana Gruber Deal Recasts Growth And Green Steel Exposure
Champion Iron (ASX:CIA) has completed its acquisition of Norway based Rana Gruber ASA.
The deal expands Champion Iron’s presence in Europe and adds premium, low carbon iron ore products focused on green steel markets.
The transaction is framed by the company as important for revenue, cash flow, and diversification across geographies and customers.
Champion Iron, trading at A$5.07, has had mixed share price performance in recent years, with a 25.8% gain over the past 12 months contrasting...