Eramet : Putsch in Gabon
Following the coup d'état in Gabon yesterday morning, Eramet bonds suffered heavily: the price of the 2025 issue fell 4.7 points to 96.5% and that of the 2028 issue fell 6.5 points to 94%, which seems justified given Eramet's heavy exposure to Gabon. - However, we are betting that a diplomatic solution will be found, as dialogue remains open and Comilog's weight (90% of Gabon's production) militates in favour of a peaceful solution. Moreover, Eramet has announced that it will res...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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