Sale of Aubert & Duval

Eramet has signed a non-binding memorandum of understanding (MoU) to sell Aubert & Duval to a consortium led by Airbus.

The company, which produces steels, superalloy, titanium and aluminum powder for aerospace applications, has been acquired by Airbus, Safran and Tikehau Ace Capital.

“With this divestment project, Eramet is taking a major step forward in its strategic transformation and is about to write a new chapter of its history with the ambition of becoming a reference for responsible transformation of the Earth’s mineral resources,” said Christel Bories, Eramet group chair and CEO.