DivestmentMay 19, 2026, 02:02 AM
ArcelorMittal Sells 10% Vallourec Stake for $667M
AI Summary
ArcelorMittal successfully priced a secondary offering of approximately 23.9 million shares in Vallourec SA, representing about 10.0% of Vallourec's outstanding share capital. The sale, conducted at EUR 24.00 per share, raised gross proceeds of approximately US$667 million. ArcelorMittal plans to return these proceeds to its shareholders through its ongoing share buyback program, underscoring its disciplined capital allocation strategy. Following the transaction, ArcelorMittal will retain a 17.3% stake in Vallourec and maintain one seat on its Board of Directors.
Key Highlights
- Sold approximately 23.9 million shares in Vallourec SA.
- Divested approximately 10.0% of Vallourec's outstanding share capital.
- Generated gross proceeds of approximately US$667 million from the sale.
- The offer price for the shares was EUR 24.00 per share.
- Proceeds will be returned to ArcelorMittal shareholders via a share buyback program.
- Retains approximately 17.3% of Vallourec's share capital and one Board seat.
- Agreed to a 90-day lock-up on its remaining stake in Vallourec.
Price Impact
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