Eramet: SLN debt converted into quasi-equity
The 320 million euros of existing French government loans to SLN, currently consolidated as financial debt, will be converted into quasi-equity, which will be treated as equity in Eramet's consolidated financial statements.
Eramet will similarly convert the 325 million euros of existing intra-group debt. This conversion has no impact on the Group's consolidated financial statements, but enables pari passu treatment of the French State's and Eramet's receivables.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
Go to the original article.
Contact us to request a correction