07
Aug
09:11
ArcelorMittal completes Vallourec acquisition
ArcelorMittal has successfully completed the acquisition of French pipemaker Vallourec. This was done at a price of €14.64 per share, resulting in a total purchase price of €955 million ($1.043 billion). The steelmaker currently has a significant stake in the pipemaker, with 28.4% of the voting rights and 27.5% of the share capital, Kallanish notes.
Genuino Magalhaes Christino and Keith James Howell will be appointed as directors, while Aditya Mittal wil…
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Very good overview of the weekly steel market.
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