ArcelorMittal (MT) Closes Strategic 28% Stake Buy in Vallourec
ArcelorMittal(MT) ZACKS·2024-08-13 00:16
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 (roughly $1,043 million), s ...