ArcelorMittal S.A. (MT) has announced the sale of approximately 23.9 million shares in Vallourec SA, equating to roughly 10% of the latter’s outstanding shares. This sale, conducted at €24 per share, will generate around $667 million (€573 million) and is set to settle around May 21, 2026. Following this transaction, ArcelorMittal will retain a 17.3% stake in Vallourec and will keep a board seat.
The proceeds from this sell-down are earmarked for ongoing share repurchase programs, emphasizing ArcelorMittal’s disciplined capital allocation strategy while still supporting Vallourec’s growth in premium tubular products and energy-transition applications. In the past year, ArcelorMittal’s shares surged by 90.1%, outperforming the industry’s increase of 76.1%.
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