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Eramet SA (ERMT.PA)

ERMT.PA on Paris Stock Exchange

40.50EUR
12:35pm EDT
Change (% chg)

€-0.54 (-1.32%)
Prev Close
€41.04
Open
€41.58
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€41.97
Day's Low
€40.33
Volume
53,902
Avg. Vol
47,116
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€66.72
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€20.92

Latest Key Developments (Source: Significant Developments)

Eramet appoints Christel Bories deputy CEO
Friday, 24 Feb 2017 06:17am EST 

Eramet SA : Appointed Mrs. Christel Bories deputy CEO on February 23rd, 2017 .She will then be proposed as successor to Mr. Patrick buffet as Eramet's chairman & chief executive officer at conclusion of general meeting on May 23rd, 2017.  Full Article

Eramet proposes Christel Bories as new Chairman & CEO
Thursday, 23 Feb 2017 12:10pm EST 

Eramet :Proposes Christel Bories as new Chairman & Chief Executive Officer at conclusion of general meeting on 23 May 2017.  Full Article

Eramet 2016 EBITDA rises strongly to 375 million euros
Thursday, 23 Feb 2017 12:01pm EST 

Eramet : EBITDA rose strongly in 2016 (375 million euros ($396.60 million) versus 92 million euros in 2015) . FY revenue 2.98 billion euros versus 3.11 billion euros year ago . FY net loss group share 179 million euros versus loss of 714 million euros year ago . Objectives exceeded for 2016 cost reduction and productivity plan rolled out across group . Ended 2016 year with net debt (836 million euros) lower than at end-2015 (878 million euros) . No dividend be paid in respect of 2016 . Eramet says Chinese steel group Tsingshan to acquire stake in Weda Bay nickel mining project in Indonesia .Eramet says preliminary agreement with Tsingshan also calls for Weda Bay project to have capacity of 30,000 tonnes of nickel ferroalloy per year.  Full Article

ERAMET sales ERACHEM (manganese chemicals) to PMHC II, Inc., for an amount of $193 million
Wednesday, 4 Jan 2017 01:41am EST 

ERAMET SA :Announced on Tuesday the closing as of 30 December 2016 of the sale of ERACHEM (manganese chemicals) to PMHC II, Inc. , for an amount of $193 million.  Full Article

Eramet announces final terms of convertible bonds settlement
Friday, 30 Sep 2016 11:29am EDT 

Eramet : Announces the final terms of the net share settled undated bonds convertible into new shares (ODIRNAN) offering of approximately €100 million ($112.34 million) . Settlement of the bonds and their admission to the regulated market of euronext in paris are expected to take place on 5 october 2016 . From Oct. 5, 2022, the bonds will bear interest at an annual rate equal to the six-month euribor rate increased by 1,000 basis points, payable semi-annually . Nominal value of the bonds, which will be issued at par, has been set at €46.33, representing a conversion premium of 30% over the company's reference share price .From the issue date until Oct. 4, 2022, the bonds will bear interest at an annual nominal rate of 4% payable semi-annually.  Full Article

Eramet launches an offering of net share settled undated bonds convertible into new shares
Tuesday, 27 Sep 2016 01:10am EDT 

Eramet SA : Launches an offering of net share settled undated bonds convertible into new shares (ODIRNAN) Further company coverage: [ERMT.PA] (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;)).  Full Article

BRIEF-France to transfer Eramet stake from BPI France to state holding agency APE
Thursday, 28 Jul 2016 07:56am EDT 

Corrects to show stake to be transferred to APE, not FSI Equation.French finance ministry says in statement on Wednesday: It is in negotiations to transfer a 25.66 percent stake in mining group Eramet from state investment bank BPI France to state shareholdings agency APE . The operation is expected be concluded by the end of August . The stake will continue to be controlled through investment vehicle FSI Equation . The deal is part of a reorganisation of the state's stakeholdings .The ministry confirms that the French state will support convertible bond issue announced earlier by Eramet.  Full Article

BRIEF-France to transfer Eramet stake from BPI France to state holding agency APE
Thursday, 28 Jul 2016 07:54am EDT 

Corrects to show stake to be transferred to APE, not FSI Equation.French finance ministry says in statement on Wednesday: It is in negotiations to transfer a 25.66 percent stake in mining group Eramet from state investment bank BPI France to state shareholdings agency APE . The operation is expected be concluded by the end of August . The stake will continue to be controlled through investment vehicle FSI Equation . The deal is part of a reorganisation of the state's stakeholdings .The ministry confirms that the French state will support convertible bond issue announced earlier by Eramet.  Full Article

France says to transfer Eramet stake from BPI France to FSI
Wednesday, 27 Jul 2016 01:42pm EDT 

French finance ministry says in statement on Wednesday: It is in negotiations to transfer a 25.66 percent stake in mining group Eramet from state investment bank BPI France to FSI Equation, another state investment vehicle . The operation is expected be concluded by the end of August . The deal is part of a reorganisation of the state's stakeholdings .The ministry confirms that the French state will support convertible bond issue announced earlier by Eramet.  Full Article

Eramet H1 EBITDA drops to 56 million euros
Wednesday, 27 Jul 2016 11:48am EDT 

Eramet : H1 EBITDA EUR 56 million versus EUR 78 million year ago . Sales stood at EUR 1.37 billion in first-half 2016, down nearly 16% compared with first-half 2015 . H1 nickel production 25,737 metric tons versus 26,279 metric tons year ago .H1 manganese alloys production 349,000 metric tons versus 352,700 metric tons year ago.  Full Article

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