Save Private Aubert & Duval.
This is the biggest file on which Ace Capital Partners, the manager of the aeronautical fund, set up on July 28, is working.
Aubert & Duval is a test for the young fund.
This Eramet subsidiary is, in fact, a technological nugget with unique know-how in very high performance alloys for aeronautics and armaments.
But Aubert & Duval is in crisis, due to the fall of the aeronautics market, which represents 70% of its turnover (622.5 million euros in 2019).
Eramet, himself in difficulty, put it up for sale.
The Austrian Böhler and the American Carpenter, competitors of Aubert & Duval, would be interested.
But there is no question that this strategic ETI goes under foreign capital.
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The rumor lends Safran the will to buy it out.
The engine manufacturer recognizes that he cannot lose interest in his fate.
However,
"the Eramet subsidiary is not intended to become a Safran factory",
underlines an observer
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