Arcelormittal s.a.: arcelormittal acquires strategic stake in vallourec

12 march 2024, 22:00 cet 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.
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