Apollo Funds Agree to Sell 28.4% Stake in Vallourec to ArcelorMittal
Apollo Management(APO) Newsfilter·2024-03-13 06:21
NEW YORK, March 12, 2024 (GLOBE NEWSWIRE) -- Apollo (NYSE:APO) today announced that Apollo-managed Funds ("Apollo Funds" or the "Funds") have agreed to sell 65.2 million common equity shares in Vallourec SA (Euronext: VK; "Vallourec", the "Company"), a value-added manufacturer of premium tubular steel products, for €14.64 per share to ArcelorMittal. The shares sold represent a 28.4% equity interest1 in Vallourec and a total transaction value of approximately €955 million, and upon close will mark the Apollo ...