Mo i Rana, 12 October 2021: In a stock exchange announcement 7 September 2021 a merger plan between Rana Gruber Mineral AS and Rana Gruber AS was presented (https://newsweb.oslobors.no/message/541821).
The company has not received any objections to the planned merger, and the Board of Directors of Rana Gruber AS has decided to complete the merger.
The merger process is expected to be completed in the beginning of December.
Rana Gruber Mineral AS is a wholly owned subsidiary of Rana Gruber AS. The purpose of the merger is to simplify the company structure. For the individual shareholder in Rana Gruber AS, the merger will have no practical or legal significance.
For more information, please contact:
CEO, Gunnar Moe
+47 94147650
Gunnar.moe@ranagruber.no
CFO, Erlend Høyen
+47 90202741
Erlend.hoyen@ranagruber.no
Rana Gruber in brief:
Rana Gruber is a Norwegian sustainable iron ore producer and supplier established in 1964, with operations based on more than 200 years of mining experience. The Company's products are based on own natural mineral resources which are upgraded and tailored for applications and exported to its customers worldwide. Rana Gruber produces and sells iron ore concentrate, primarily serving steel producers and participants in the chemical industry. The subsidiary Rana Gruber Mineral AS produces and sells micronized iron oxides and other dissemination of iron ore, and primarily serves paint manufactures and participants in the building- and automotive industries. Rana Gruber has about 300 employees and a production capacity of 1.8 million metric tons of iron ore concentrates and specialty products.