Edition:
United States

Eramet SA (ERMT.PA)

ERMT.PA on Paris Stock Exchange

76.55EUR
8:43am EDT
Change (% chg)

€-4.50 (-5.55%)
Prev Close
€81.05
Open
€80.50
Day's High
€80.80
Day's Low
€76.35
Volume
73,449
Avg. Vol
108,693
52-wk High
€167.20
52-wk Low
€53.23

Latest Key Developments (Source: Significant Developments)

Mineral Deposits' Directors Unanimously Recommend That Shareholders Accept Eramet's Offer
Tuesday, 10 Jul 2018 04:38am EDT 

July 10 (Reuters) - Eramet SA ::NOTES NOTICE OF CHANGE OF INTERESTS OF SUBSTANTIAL HOLDER THAT ERAMET NOW HOLDS RELEVANT INTEREST IN 43.41 PCT OF ISSUED CAPITAL OF CO.ERAMET IS NOW SINGLE LARGEST MDL SHAREHOLDER & WITH VOTING POWER OF 43.41 PCT, IS EFFECTIVELY IN POSITION WHERE IT HAS CONTROL OF CO.MDL DIRECTORS, ON BALANCE, NOW UNANIMOUSLY RECOMMEND THAT SHAREHOLDERS ACCEPT ERAMET'S OFFER.EACH MDL DIRECTOR INTENDS TO ACCEPT ERAMET'S OFFER IN RESPECT OF THEIR OWN SHAREHOLDING.  Full Article

Mineral Deposits Provides Takeover Update
Sunday, 3 Jun 2018 07:14pm EDT 

June 4 (Reuters) - Mineral Deposits Ltd ::TAKEOVER UPDATE.ERAMET HAS MADE AN OFFER THAT AN INDEPENDENT EXPERT HAS DEEMED TO BE GROSSLY INADEQUATE.STANDS BY ITS RECENTLY ISSUED GUIDANCE AND BOARD'S RECOMMENDATION TO REJECT ERAMET'S OFFER.SINCE OPENING ITS OFFER ON 14 MAY , ERAMET HAS INCREASED ITS INTEREST IN MDL BY ONLY 20,895 SHARES.  Full Article

Eramet Group Opening Of Takeover Offer For Mineral Deposits Limited
Monday, 14 May 2018 02:00am EDT 

May 14 (Reuters) - ERAMET SA ::REG-ERAMET GROUP: OPENING OF THE TAKEOVER OFFER FOR MINERAL DEPOSITS LIMITED.TO ACQUIRE ALL OF THE ISSUED SHARES IN MINERAL DEPOSITS LIMITED (MDL) THAT IT DOES NOT ALREADY OWN FOR A$1.46 CASH PER SHARE (OFFER).  Full Article

Steelworkers ratify three-year agreement at Eramet Marietta
Wednesday, 1 Nov 2017 08:46am EDT 

Nov 1 (Reuters) - Eramet SA :‍United Steelworkers - members of local 0639 at Eramet's Manganese plant in Ohio, have ratified new, 3-year contract that covers about 110 workers​.  Full Article

Eramet group sales up in third-quarter 2017
Tuesday, 24 Oct 2017 02:30am EDT 

Oct 24 (Reuters) - ERAMET ::REG-ERAMET GROUP: SALES UP IN THIRD-QUARTER 2017.‍SALES IN THIRD-QUARTER 2017 AT EUR 877 MILLION, UP BY 23% COMPARED WITH THIRD-QUARTER 2016.​.‍CURRENT OPERATING INCOME FOR 2017 EXPECTED TO BE VERY SIGNIFICANTLY HIGHER THAN ONE OF LAST YEAR​.SEES ‍CURRENT OPERATING INCOME IN SECOND-HALF 2017 ABOVE ONE OF FIRST-HALF 2017.​.‍SUCCESS OF EUR 500 MILLION BOND ISSUE MATURING IN FEB. 2024, STRENGTHENING GROUP'S FINANCIAL LIQUIDITY​.  Full Article

Eramet issues bonds worth 500 million euros due in February 2024
Thursday, 28 Sep 2017 12:06pm EDT 

Sept 28 (Reuters) - ERAMET ::REG-ERAMET GROUP:SUCCESSFUL ISSUANCE OF €500 MILLION EUROS BONDS MATURING IN FEBRUARY 2024.REG-ERAMET GROUP:SUCCESSFUL ISSUANCE OF €500 MILLION EUROS BONDS MATURING IN FEBRUARY 2024.BONDS ARE ADMITTED TO TRADING ON EURONEXT PARIS REGULATED MARKET AS OF SEPTEMBER 28, 2017.BONDS WILL BEAR A COUPON OF 4.196%.CLOSED TODAY A TENDER OFFER ON ITS EXISTING BONDS MATURING IN NOVEMBER 2020 FOR A TOTAL AMOUNT OF 65 MILLION EUROS.WILL CONTINUE AND INTENSIFY THE GROUP’S TRANSFORMATION IN THE COMING MONTHS - CEO.  Full Article

Eramet launches tender offer on its EUR 525 million outstanding bonds due Nov. 6, 2020 - Euronext‍​
Monday, 11 Sep 2017 04:43am EDT 

Sept 11 (Reuters) - EURONEXT::ERAMET <<>> LAUNCHES TENDER OFFER ON ITS EUR 525 MILLION 4.50 PERCENT OUTSTANDING BONDS DUE NOV. 6, 2020 ISSUED IN TWO TRANCHES.  Full Article

Eramet expects output at Indonesia nickel project to start in 2020
Thursday, 27 Jul 2017 02:37am EDT 

July 27 (Reuters) - Eramet Sa :Eramet CEO says expects production at Weda Bay nickel project in Indonesia to start in 2020 following JV with China's Tsingshan.  Full Article

Eramet's Erasteel expected to sell stake in Heye Special Steel to AT&M
Friday, 12 May 2017 11:41am EDT 

May 12 (Reuters) - ERAMET :REG-ERAMET GROUP : CHANGE IN THE PARTNERSHIP BETWEEN ERASTEEL AND HEYE SPECIAL STEEL CO., LTD IN CHINA.ERASTEEL, A 100% SUBSIDIARY OF ERAMET, AND AT&M HAVE SIGNED A MOU CONCERNING FUTURE OF THEIR ACTIVITIES IN CHINA IN DOMAIN OF HIGH-SPEED STEELS.ERASTEEL IS EXPECTED TO SELL ITS 10.29% STAKE IN HEYE SPECIAL STEEL CO., LTD TO AT&M, HEYE'S MAJORITY SHAREHOLDER.TRANSACTION SHOULD TAKE PLACE IN SECOND HALF OF 2017 FOR AN AMOUNT OF 109.5 MILLION YUAN, I.E. APPROXIMATELY EUR 15 MILLION.  Full Article

Erament Q1 revenue up 28 pct at EUR 854 mln
Friday, 28 Apr 2017 02:35am EDT 

April 28 (Reuters) - Eramet SA ::Reg-Eramet group: sales up sharply in Q1 2017.Q1 revenue EUR 854 million ($928.6 million) versus EUR 666 million year ago.Group markets globally remain on a positive trend for 2017, without, however, being able to extrapolate the level of growth of Q1.Sharp increase in first-quarter sales cannot necessarily be extrapolated for full year especially given uncertainties relating to prices for metals.In addition, very significant efforts towards productivity improvement and cost reduction continue to be actively implemented at all of the group's sites and entities.Nickel prices and manganese ore prices in Q1 2017 came out at substantially higher levels compared with their levels in early 2016, +21 pct and +180 pct respectively.  Full Article

UPDATE 1-French metals group Eramet warns favourable outlook could be dented by trade rows

PARIS, July 24 A sharp rise in manganese ore and nickel prices helped Eramet post higher profits in the first half of the year but the French metal and mining group warned on Tuesday that current favourable markets could be hurt by global trade tensions.