France's Vallourec open to selling stake in German steel joint venture HKM

Salzgitter AG

06/02/2026 17:32

FRANKFURT, Feb 6 (Reuters) - French steel tubes maker Vallourec VLLP.PA is open to selling its 20% stake in German steel joint venture HKM, it said on Friday, adding that a plan by co-shareholder Salzgitter SZGG.DE to take over the business was an important step in that direction.

"As Vallourec's strategy no longer requires its participation in HKM, the Group is open to divesting its ownership stake," the company said in a statement.

 (Reporting by Christoph Steitz, Editing by Louise Heavens)

 ((christoph.steitz@thomsonreuters.com; +49 30 220 133 647;))