Eramet shares slide 4.78% as Indonesian billionaire eyes Weda Bay stake
The French miner fell to 36.64 EUR on Thursday as reports surfaced that Andi Syamsuddin Arsyad is considering a bid for its nickel asset.
The French miner fell to 36.64 EUR on Thursday as reports surfaced that Andi Syamsuddin Arsyad is considering a bid for its nickel asset. Published 2026-11-12 by Falling Shares.
| By Falling Shares Intelligence, edited by Wung Thomas, Editor-in-Chief
Written by Falling Shares Intelligence, our automated newsroom, from the public sources listed below and live market data. Every figure is checked against that material before publication, but the story has not been reviewed by a human editor. Check the linked sources before relying on it, and report errors to info@fallingshares.com.
Eramet shares dropped 4.78% to 36.64 EUR on Thursday after reports emerged that Indonesian billionaire Andi Syamsuddin Arsyad is weighing a purchase of the company’s stake in the Weda Bay nickel project. The decline adds to a 33.3% fall over the past year.
Billionaire considers bid
Indonesian coal billionaire Andi Syamsuddin Arsyad, known as Haji Isam, is considering buying some or all of Eramet’s interest in the Weda Bay nickel operation, according to local media. Eramet did not issue a statement confirming or denying the reports. The source material provides no other reason for the sell-off beyond the market reaction to the potential deal.
Stock underperforms benchmark
Eramet’s 4.7% drop occurred while the CAC 40 index rose 0.7% in the same session. Falling Shares attributes almost all of the move to company-specific factors, with the market component adding just 0.8%. The stock has lost 3.3% over the past five days and 5.7% over the last month, extending a three-month slide of 21.9%.
Technical indicators signal weakness
Shares are now 57.8% below their 52-week high of 88.2 EUR and trade 24.8% below the 200-day average. The 50-day average has fallen below the 200-day average, creating a death cross. Falling Shares rates the stock Unstable, citing annualised volatility of 51.3% compared to 12.7% for the benchmark. The company carries debt equal to 2.16 times shareholders’ equity.