ArcelorMittal Trims Vallourec Stake in $667 Million Deal
Idag, 09:04
03:04 AM EDT, 05/19/2026 (MT Newswires) -- ArcelorMittal (MT.AS, MTS.MC) lowered its stake in French steel tubes manufacturer Vallourec (VK.PA) by selling 23.9 million shares in Vallourec, or a 10% interest, for $667 million.
The steelmaker sold the shares through a secondary offering and plans to use the proceeds to fund its ongoing stock repurchase program, according to a Tuesday release.
Following the settlement expected on May 21, ArcelorMittal will retain a 17.3% stake in Vallourec.
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ArcelorMittal Trims Vallourec Stake in $667 Million Deal
Idag, 09:04
03:04 AM EDT, 05/19/2026 (MT Newswires) -- ArcelorMittal (MT.AS, MTS.MC) lowered its stake in French steel tubes manufacturer Vallourec (VK.PA) by selling 23.9 million shares in Vallourec, or a 10% interest, for $667 million.
The steelmaker sold the shares through a secondary offering and plans to use the proceeds to fund its ongoing stock repurchase program, according to a Tuesday release.
Following the settlement expected on May 21, ArcelorMittal will retain a 17.3% stake in Vallourec.
