Eramet has recently completed the sale of its Norwegian subsidiary, ETI, to INEOS Enterprises for a value of USD 245M.
ETI is an ilmenite transformation plant in Norway producing titanium slag used in the pigment industry. It also produces high-purity pig iron sold to European foundries.
This sale, which takes immediate effect, enables Eramet to strengthen its balance sheet and will contribute to the financing of its projects in metals required for the energy transition.
The agreement between Eramet and INEOS Enterprises also includes a long-term supply contract for ilmenite produced by Grande Côte Opérations (GCO).
