Brief: French State To Increase Its Stake To Become Eramet's Largest Shareholder
BRIEF-French State To Increase Its Stake To Become Eramet's Largest Shareholder Oct 12 (Reuters) - Eramet S.A. ERMT.PA:
CONFIRMS PLANS FOR €500 MILLION CAPITAL INCREASE WITH PREFERENTIAL SUBSCRIPTION RIGHTS IN Q4
FRENCH STATE TO INCREASE ITS STAKE TO BECOME LARGEST SHAREHOLDER
CHAIR & CEO: GROUP COULD LOOK AT OTHER CRITICAL MINERALS, SUCH AS RARE EARTHS, IN FUTURE BUT NOT PART OF SHORT- OR MEDIUM-TERM STRATEGY
FRENCH STATE STAKE TO REMAIN BELOW 50%
Source text: ID:nGNE7MZWzM
Further company coverage: ERMT.PA
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