The company stated that the sale was carried out at a price of €24.00 per share through an accelerated bookbuilding process targeting institutional investors.
In its statement, the company said that the transaction reflects ArcelorMittal’s disciplined approach to capital allocation and portfolio management. It was noted that the proceeds generated will be returned to shareholders through the ongoing share buyback program.
Following the transaction, ArcelorMittal’s stake in Vallourec is expected to remain at approximately 17.3%, and the company will continue to maintain representation on Vallourec’s board of directors.
ArcelorMittal Chief Financial Officer Genuino Christino stated that the move reinforces the company’s commitment to delivering clear and measurable returns to shareholders. Christino added that the company has continued its transformation in recent years into a more resilient business capable of generating value throughout market cycles.
ArcelorMittal made its initial investment in Vallourec in 2024.
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