NEM News: ArcelorMittal (MT) Closes Strategic 28% Stake Buy in Vallourec - 13th Aug 2024, 1:13am

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ArcelorMittal S.A. MT recently completed the acquisition of 65,243,206 shares, representing approximately 28.4% equity interest in Vallourec. This follows the signing of a Share Purchase Agreement on Mar 12, 2024, and the subsequent approval from relevant antitrust authorities and clearances under foreign investment regulations. The shares were acquired at €14.64 per share from funds managed by Apollo Global Management Inc for a total consideration of approximately €955 million (rou...

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