Eramet plans capital increase, asset sales after dire year

French mining group Eramet will launch a 500 million euro ($590.40 million) capital increase and consider selling stakes in some activities in 2026 after a slump in earnings and a jump in debt last year, it said on Wednesday.

The nickel, manganese and lithium producer unveiled the measures as it also faces a management crisis following the firing of former CEO Paulo Castellari and the suspension of finance chief Abel Martins-Alexandre within a few days earlier this month.

($1 = 0.8469 euros)

(By Gus Trompiz; Editing by Joe Bavier)

Reuters

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Eramet plans capital increase, asset sales after dire year

By Reuters

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