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

ArcelorMittal completed the acquisition of Apollo funds' stake in Vallourec at €14.64 per share, for a total purchase price of €955 million, becoming the anchor shareholder with 28.4% of voting rights.

- Type: Acquisition
- Announced: 2024-08-06
- Where: France
- Value: $1.05B (955.0M EUR)
- Status: completed
- Products: premium tubular solutions
- 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) (investor)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2024/08/06/2924737/0/en/ARCELORMITTAL-BECOMES-THE-ANCHOR-SHAREHOLDER-OF-VALLOUREC.html), 2024-08-06: "Vallourec is pleased to announce the completion of the acquisition by ArcelorMittal of Apollo funds’ stake in Vallourec at a price of €14.64 per share, for a total purchase price of €955 million."
- [brazil.vallourec.com](https://brazil.vallourec.com/en/news/arcelormittal-becomes-the-anchor-shareholder-of-vallourec/), 2024-09-03: "Vallourec, a world leader in premium tubular solutions, is pleased to announce the completion of the acquisition by ArcelorMittal of Apollo funds’ stake in Vallourec at a price of €14.64 per share, for a total purchase price of €955 million."
- [china.vallourec.com](https://china.vallourec.com/en/news/arcelormittal-becomes-the-anchor-shareholder-of-vallourec/), 2024-09-03: "Vallourec is pleased to announce the completion of the acquisition by ArcelorMittal of Apollo funds’ stake in Vallourec at a price of €14.64 per share, for a total purchase price of €955 million."

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