Tag: ArcelorMittal to buy 28.4% stake in Vallourec for $1.04 bn

ArcelorMittal, the second-largest steel producer in the world, announced on March 12 that it will acquire a 28.4% stake in French tubular steelmaker Vallourec for around EUR 955 million ($1.04 billion) from Apollo Global Management. The transaction is anticipated to be finalized in the second half of this year, aiming to bolster ArcelorMittal’s presence in…