The Limited Times

Now you can see non-English news...

Airbus and Safran acquire special alloys from Eramet

2022-02-22T20:10:06.328Z


Together with the Tikehau fund, the two groups secure their supply of strategic materials for aeronautics.


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.

Read also

Eramet: the French nugget lacks resources

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…

This article is for subscribers only.

You have 78% left to discover.

Cultivating your freedom is cultivating your curiosity.

Keep reading your article for 1€ the first month

I ENJOY IT

Already subscribed?

Login

Source: lefigaro

All business articles on 2022-02-22

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.