Eramet: Closing of the divestment of Erasteel, the final step in Eramet's repositioning in its Mining and Metals activities
03 Juli 2023 - 7:30AM
Eramet: Closing of the divestment of Erasteel, the final step in
Eramet's repositioning in its Mining and Metals activities
Paris, 3 July 2023, 7:30 a.m.
PRESS RELEASE
Eramet: Closing of the divestment of
Erasteel, the final step in Eramet's repositioning in its Mining
and Metals activities
Eramet announces the closing of the sale to
Syntagma Capital of 100% of the shares in its subsidiary Erasteel,
a major player in high-speed steels, following the fulfilment of
all conditions precedent.
This transaction marks the finalisation of
Eramet's repositioning in its core businesses, following on from
the sale of Aubert & Duval at end-April, and enables the Group
to fully focus on its development in critical metals for the energy
transition.
The divestment thus finalised for the entire
High-Performance Alloys Division (Erasteel1 and Aubert &
Duval2) will have no material impact on the Group's net debt at
end-June 2023.
Calendar
26.07.2023: Publication of 2023 half-year results
26.10.2023: Publication of 2023 Group third-quarter turnover
ABOUT ERAMET
Eramet transforms the Earth’s mineral resources
to provide sustainable and responsible solutions to the growth of
the industry and to the challenges of the energy transition.
Its employees are committed to this through
their civic and contributory approach in all the countries where
the mining and metallurgical group is present.
Manganese, nickel, mineral sands, lithium, and
cobalt: Eramet recovers and develops metals that are essential to
the construction of a more sustainable world.
As a privileged partner of its industrial
clients, the Group contributes to making robust and resistant
infrastructures and constructions, more efficient means of
mobility, safer health tools and more efficient telecommunications
devices.
Fully committed to the era of metals, Eramet’s
ambition is to become a reference for the responsible
transformation of the Earth’s mineral resources for living well
together.
www.eramet.com
| INVESTOR
CONTACT Director of Investor Relations
Sandrine Nourry-Dabi T. +33 1 45 38 37 02
sandrine.nourrydabi@eramet.com |
PRESS
CONTACT Media relations manager
Fanny Mounier fanny.mounier@eramet.com T. +33 7 65
26 46 83 Image 7 Marie
Artzner T. +33 1 53 70 74 31 | M. +33 6 75 74 31 73
martzner@image7.fr |
1 The accounting impact of this transaction was
fully provisioned in the 2022 financial statements2 Sale completed
on 28 April 2023
- Eramet CP ClosingErasteel EN
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