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ArcelorMittal Sells $667 Million Stake in Vallourec to Boost Shareholder Returns

TWSJ·May 19 ago·3 min read
Photograph via The Wall Street Journal
RSS SUMMARY · AGGREGATED FROM TWSJ

The steelmaker said it sold around 23.9 million shares in Vallourec—equivalent to 10% of its outstanding share capital—and plans to channel the proceeds to its shareholders.

The steelmaker said it sold around 23.9 million shares in Vallourec—equivalent to 10% of its outstanding share capital—and plans to channel the proceeds to its shareholders.

The steelmaker said it sold around 23.9 million shares in Vallourec—equivalent to 10% of its outstanding share capital—and plans to channel the proceeds to its shareholders.

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