Eramet : Management confirms strategic review of Aubert & Duval. All strategic options are on the table
>Confirmation of strategic review for Aubert & Duval - According to yesterday's edition of French business daily La Tribune, Eramet has hired the bank Rothschild to carry out the process of selling its subsidiary Aubert & Duval (A&D) which is part of the high-performance alloys business (i.e. 23% of group sales and EBITDA of -€ 26m vs € 630m in group EBITDA in 2019). The article also indicates that Safran is potentially interested. We note that Safran is a client of A...Eramet is a mining and metallurgical group, which specializes in the extraction, production and marketing of non-ferrous metals, their chemical derivatives, alloys and superalloys, and parts. Co.'s operations are divided into three divisions: Nickel division which focuses on nickel and its derivative applications; Manganese division which focuses on manganese alloys, manganese chemical derivatives and provides recovery and recycling services of metals contained in oil-industry catalysts, electric batteries and acid solutions; and Alloys division which produces and sells special high-performance steels, superalloys and pre-machined parts based on these materials or aluminium and titanium.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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