Eramet seeks capital boost and asset sales amid financial struggles and leadership turmoil

Eramet S.a. ERA.PA announced on Wednesday that it will launch a 500 million euro capital increase to address material financing and governance strains. The company, which is a major industrial player in France FR, also indicated that it may sell stakes in some of its activities in 2026. These measures follow a significant slump in earnings and a jump in debt recorded over the last year.

The announcement comes in the wake of a recent management crisis that saw the leadership of the firm undergo drastic changes. This month, the company confirmed the firing of CEO Paulo Castellari and the suspension of finance chief Abel Martins-Alexandre. The current capital raise and the potential for future asset disposals are being presented by the company as direct responses to the instability caused by these executive departures and the underlying financial pressures.