After more than a year of close discussions, Eramet announced on Tuesday the sale of its industrial subsidiary Aubert & Duval to a consortium bringing together Airbus, Safran and the aeronautical fund Tikehau Ace Capital.
The consortium will buy 100% of the capital of Aubert & Duval, for 95 million euros, financed by third parties by each of its members.
Specializing in high-performance steels, superalloys and titanium, Aubert & Duval is
“a strategic supplier for the aeronautics sector”
, which represents 80% of its activity, specifies Eramet.
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The operation will result for the seller in a negative accounting impact of 340 million euros.
This is explained by the depreciation of the Aubert & Duval shares made during this transaction, due to the company's estimated losses in 2022 and the liability guarantees granted by Eramet to the buyers.
Even if the case does not seem at first sight very good for him, the mining group has reason to be pleased with the signing which took place on Monday…
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