Eramet close to selling Sandouville site in France to Sibanye-Stillwater

PARIS (Reuters) - French metals and mining company Eramet, which is in the process of selling off assets it considers non-core, said it had struck an agreement to sell its Sandouville site in France to peer company Sibanye-Stillwater.

Eramet said on Friday that the planned sale of the Sandouville hydrometallurgical plant was expected to have a positive impact on Eramet’s results and cash position.

“The transaction would unlock a sustainable future for the site and new prospects to the benefit of the employees and the Normandy region, and would enable Eramet to focus on its core strategic projects,” said Eramet Chairperson and Chief Executive Christel Bories.

Reporting by Sudip Kar-Gupta; Editing by Christian Schmollinger