France to become Eramet's top shareholder via miner's capital hike

PARIS, Oct 12 (Reuters) — France is set to become Eramet's largest shareholder by increasing its stake during a €500 million ($558.50 million) capital increase later this year, the French mining group said on Monday. The French state will raise its stake to up to 49%, from 27% currently, by acquiring some of the holding of the Duval family, at the moment Eramet's biggest shareholder with a 37% stake, Eramet said. ($1 = 0.8953 euros) (Reporting by Gus Trompiz and Elizabeth Pineau Editing by Tomasz Janowski) ((gus.trompiz@thomsonreuters.com;)