Eramet : Sandouville disposal is good news. We reiterate our optimism on H2 2021
>The sale of the Sandouville plant is good news - This morning Eramet announced that Sibanye-Stillwater has agreed to purchase the hydrometallurgy plant in Sandouville (France) for an attractive valuation (€ 65m) with a positive impact on the bottom line (H1 2021 EBITDA -€ 14m and 2020 -€ 31m) and Eramet’s cash on hand. This deal, which was expected, is consistent with the group’s strategic road map to focus on large growth projects. The transaction will need the gree...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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