Eramet : Sale of Tizir will not go ahead. Strengthening of the balance sheet must accelerate. Buy rating maintained
>Tronox abandons its plans to acquire the Tizir facility in Norway - Eramet announced yesterday that, despite Tronox's proposal for significant corrective measures to its proposed acquisition of the Tizir titanium slag plant in Norway (Mineral Sands BU), the UK Competition Authority (CMA) has decided to subject the project to a phase 2 investigation. As a result, Tronox immediately notified Eramet of the unilateral termination of the agreement signed in May 2020 in co...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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