Eramet agrees to sell Aubert & Duval to aeronautics consortium
Mining group Eramet said on Tuesday it has signed a memorandum of understanding to sell alloys maker Aubert & Duval (A&D) to an Airbus AIR.PA, Safran SAF.PA and Tikehau Ace Capital consortium, as it pursues a focus on mining activities.
The planned deal, which the parties expect to complete before the end of the year, is based on an enterprise value of 95 million euros ($107.34 million), Eramet said in a statement.
(By Gus Trompiz; Editing by Jan Harvey)
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