(CercleFinance.com) – Eramet announces that it has finalized the sale to Syntagma Capital of 100% of the shares of its subsidiary Erasteel following the fulfillment of all the conditions precedent.
‘ This operation marks the finalization of Eramet’s refocusing on its core businesses, following on from the sale of Aubert & Duval at the end of April, and allows the Group to devote itself fully to its development in critical metals for the energy transition. ‘ indicates the group.
The sale thus finalized of the entire High Performance Alloys division (Erasteel and Aubert & Duval) will have an insignificant impact on the Group’s net debt at the end of June 2023.