Published by Global Banking & Finance Review®
Posted on April 8, 2026
2 min readLast updated: April 8, 2026
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Eramet’s largest shareholder, the Duval family (≈37%), has hired Lazard to explore selling its stake ahead of a potential €500 million capital raise amid the mining group’s financial and governance turmoil.
April 8 (Reuters) - Eramet's largest shareholder, the Duval family, has hired bankers as it considers the sale of its stake in the troubled French mining group, the Financial Times reported on Wednesday, citing people familiar with the matter.
The family has appointed Lazard to explore options for its 37% holding and to advise them ahead of the company's capital raise, the report added.
Eramet did not immediately respond to a Reuters request for comment, while the Duval family could not be immediately reached.
The French mining and metallurgical group said in February that it was planning a capital raise of 500 million euros ($583.80 million) as well as asset sales to shore up cash, after reporting a big drop in its annual earnings.
The capital increase was backed by Eramet's main shareholders, the Duval family and the French state, Chair Christel Bories had said.
The plan was announced after the company posted full-year adjusted earnings before interest, tax, depreciation and amortization (EBITDA) of 372 million euros, down 54% from 2024, pressured by lower manganese prices, a weaker dollar and nickel production setbacks in Indonesia.
The nickel, manganese and lithium producer is also facing a management crisis following the firing of former CEO Paulo Castellari and the suspension of finance chief Abel Martins-Alexandre within days of each other in February.
($1 = 0.8565 euros)
(Reporting by Akanksha Khushi in Bengaluru; Editing by Sonia Cheema)
The Duval family is Eramet's largest shareholder, holding a 37% stake in the company.
The Duval family is considering a sale due to a looming $500 million capital raise and management instability at Eramet.
The Duval family has hired Lazard to explore options and advise on their stake ahead of Eramet’s capital raising.
Eramet recently fired its CEO Paulo Castellari and suspended finance chief Abel Martins-Alexandre.
Eramet plans a capital increase and asset sales to shore up cash following a significant drop in annual earnings.
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