ArcelorMittal acquires strategic stake in Vallourec

ArcelorMittal has entered into a Share Purchase Agreement to procure 65,243,206 shares, constituting approximately 28.4% equity interest in Vallourec, at a rate of €14.64 per share from Funds managed by Apollo Global Management, Inc., totaling roughly €955 million.

The acquisition of Vallourec stands as a compelling opportunity for ArcelorMittal to bolster its presence in the lucrative downstream tubular market. Vallourec boasts a diverse portfolio of innovative, reliable, and competitive products catering to sectors such as energy, automotive, and construction. With 85% of its 2.2 million tonnes annual rolling capacity concentrated in low-carbon, integrated production hubs in the United States and Brazil—key strategic markets for ArcelorMittal—the synergy between the two companies is evident.

Furthermore, Vallourec anticipates a significant uptick in EBITDA from its energy transition ventures, projected to range between 10 and 15% by 2030. This optimism stems from the burgeoning opportunities in hydrogen, geothermal, and carbon capture technologies, reflecting Vallourec’s forward-looking approach to sustainable business practices.

Previous articleJindal Stainless supplies SS 301LN for Kolkata Metro
Next articleSeurat Technologies Endorses 6K Additive’s Sustainable Stainless Steel Powder
Stainless Steel World is part of The KCI Media Group, a group of companies focused on building and sustaining global communities in the flow control industries. We publish news on a daily basis and connect business-to-business professionals through our online communities, publications, conferences and exhibitions.