# ArcelorMittal acquires 28.4% stake in Vallourec for €955 million

ArcelorMittal has agreed to acquire a 28.4% stake in seamless tube manufacturer Vallourec from funds managed by Apollo Global Management for approximately €955 million ($1.04 billion), at €14.64 per share for 65.24 million shares.

- Type: Acquisition
- Announced: 2024-03-12
- Value: $1.04B (955.0M EUR)
- Status: announced
- Products: seamless steel tubes
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [ArcelorMittal](https://endata.com/companies/292.md) (acquirer)
- [Vallourec](https://endata.com/companies/335.md) (target)
- [Apollo Global Management](https://endata.com/companies/3851.md) (partner)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/1085764.html), 2024-03-13: "安赛乐米塔尔周二表示，将以约9.55亿欧元(约合10.4亿美元)收购无缝钢管制造商瓦卢瑞克(Vallourec)28.4%的股份，以增加其在钢管业务方面的敞口。"

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.