Brief: ArcelorMittal Sells 10% Of Vallourec Stake, Plans Buybacks With Proceeds

Vallourec SA

19/05/2026 07:06

May 19 (Reuters) - ArcelorMittal SA MT.LU:

ARCELORMITTAL UNLOCKS VALUE THROUGH PARTIAL SELL-DOWN OF ITS SHAREHOLDING IN VALLOUREC WITH PROCEEDS ALLOCATED TO SHARE BUYBACKS

ANNOUNCES SUCCESSFUL PRICING OF SECONDARY OFFERING IN VALLOUREC

HAS SOLD APPROXIMATELY 23.9 MLN SHARES IN VALLOUREC, REPRESENTING APPROXIMATELY 10.0% OF VALLOUREC'S OUTSTANDING SHARE CAPITAL, AT AN OFFER PRICE OF EUR 24.00 PER SHARE

DEAL CONDUCTED VIA ACCELERATED BOOKBUILDING TO INSTITUTIONAL INVESTORS

TO RETAIN 17.3% OF VALLOUREC AND ONE BOARD SEAT AFTER SETTLEMENT

AGREES TO 90-DAY LOCK-UP ON REMAINING VALLOUREC STAKE AFTER SETTLEMENT

SETTLEMENT IS EXPECTED TO OCCUR ON OR AROUND 21 MAY 2026

Source text: ID:nGNE3mMbkS

Further company coverage: MT.LU

 (Gdansk Newsroom)

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