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ArcelorMittal Acquires Strategic Stake In Vallourec; 65,243,206 Shares, Representing ~28.4% Equity Interest In Vallourec For Total Consideration Of €955M

Author: Charles Gross | March 12, 2024 05:04pm

ArcelorMittal (the ‘Company’) today announces that it has signed a Share Purchase Agreement to acquire 65,243,206 shares, representing c.28.4% equity interest in Vallourec, for €14.64 per share from Funds managed by Apollo Global Management, Inc., for a total consideration of approximately €955 million. Transaction closing is subject to regulatory approvals and is expected to close in the second half of the year.

Posted In: APO MT


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