France set to become Eramet’s largest shareholder after capital hike
France will lift its Eramet stake to as much as 49% from 27% in a €500 million capital increase by acquiring part of the Duval family’s holding.
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what happened
According to Newsmetry API, the French state plans to become Eramet’s largest shareholder through a capital increase scheduled for later this year. The French mining group said on Monday that the transaction will raise €500 million ($558.50 million).
France’s holding could rise to 49%, compared with 27% at present. The state will acquire part of the stake owned by the Duval family, currently Eramet’s biggest shareholder with 37%. The company used the exchange rate of $1 = 0.8953 euros.
why it matters
The transaction will reshape Eramet’s ownership structure, making the French state the company’s largest shareholder while reducing the Duval family’s position. The capital increase will also provide €500 million to Eramet.
instruments
sources
- France to become Eramet's top shareholder via miner's capital hike — Newsmetry API, 12 October 2026 at 17:10 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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