French deputy questions Gabon's Eramet recapitalization, citing Duval family bailout over national sovereignty

In a written question published in the Official Journal on June 30, 2026, Le Gall argues that the operation serves to bail out the Duval family, Eramet's reference shareholder, rather than enhance Gabon's sovereignty over its resources. He suggests the 500 million euro recapitalization, authorized on May 27, 2026, aims to restore Eramet's balance sheet before a potential sale, citing the company's 477 million euro net loss in 2025 and record debt. Le Gall claims that approximately 131 billion CFA francs of Gabon's investment would go towards "saving the Duval family," who reportedly hold 37% of the capital and are considering a partial or total exit.

He also contends that holding a fraction of the parent company's capital in Paris does not provide control over operations in Gabon, where the value is concentrated, specifically in Comilog 63% of turnover and Setrag transporting 90% of ore. Le Gall highlights that Gabon remains a minority shareholder in these entities without veto power, and is independently financing railway renovation through loans from the European Union and the French Development Agency. Eramet has acknowledged Libreville's intention but has not confirmed the amount or terms of the investment.