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ArcelorMittal Partially Exits Vallourec Holding to Support Buybacks
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Key Takeaways
ArcelorMittal sold 23.9M Vallourec shares for about $667M, reducing its stake to 17.3%.
MT said proceeds from the Vallourec share sale will support ongoing share repurchase programs.
ArcelorMittal bought its Vallourec stake in 2024 at EUR 14.64 per share from funds managed by Apollo Global.
ArcelorMittal S.A. (MT - Free Report) recently announced that it has unlocked value from its investment in Vallourec SA through a partial sell-down of its shareholding, with proceeds being allocated toward share buybacks. The company sold around 23.9 million Vallourec shares, representing roughly 10% of Vallourec’s outstanding share capital, at €24 per share, generating gross proceeds of roughly $667 million (€573 million). Settlement is expected to occur on or around May 21, 2026.
ArcelorMittal will retain an approximately 17.3% stake in Vallourec and continue to hold a board seat, reflecting its ongoing strategic interest in the company. ArcelorMittal had originally acquired a 28.4% stake in Vallourec in 2024 from funds managed by Apollo Global Management, Inc. at €14.64 per share.
Per MT, the proceeds will be directed toward ongoing share repurchase programs as part of its shareholder return strategy. The company emphasized that the transaction demonstrates disciplined capital allocation by monetizing a successful investment while continuing to support Vallourec’s long-term growth prospects in premium tubular products and energy-transition-related applications.
Shares of MT popped 90.1% in the past year compared with the industry’s 76.1% rise.
The Zacks Consensus Estimate for NUE’s current-year earnings stands at $14.58 per share, implying an 89.1% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in two of the trailing four quarters and missed twice, with the average surprise being 8.1%.
The Zacks Consensus Estimate for FSTR’s current-year earnings is pegged at $1.74 per share, implying a 152.2% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in one of the trailing four quarters and missed thrice, with the average surprise being 3.62%.
The Zacks Consensus Estimate for ALB’s current-year earnings is pegged at $12.45 per share, indicating a 1,675.9% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed once, with the average surprise being 74.5%.
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ArcelorMittal Partially Exits Vallourec Holding to Support Buybacks
Key Takeaways
ArcelorMittal S.A. (MT - Free Report) recently announced that it has unlocked value from its investment in Vallourec SA through a partial sell-down of its shareholding, with proceeds being allocated toward share buybacks. The company sold around 23.9 million Vallourec shares, representing roughly 10% of Vallourec’s outstanding share capital, at €24 per share, generating gross proceeds of roughly $667 million (€573 million). Settlement is expected to occur on or around May 21, 2026.
ArcelorMittal will retain an approximately 17.3% stake in Vallourec and continue to hold a board seat, reflecting its ongoing strategic interest in the company. ArcelorMittal had originally acquired a 28.4% stake in Vallourec in 2024 from funds managed by Apollo Global Management, Inc. at €14.64 per share.
Per MT, the proceeds will be directed toward ongoing share repurchase programs as part of its shareholder return strategy. The company emphasized that the transaction demonstrates disciplined capital allocation by monetizing a successful investment while continuing to support Vallourec’s long-term growth prospects in premium tubular products and energy-transition-related applications.
Shares of MT popped 90.1% in the past year compared with the industry’s 76.1% rise.
MT’s Zacks Rank & Key Picks
MT currently carries a Zacks Rank of #3 (Hold).
Some better-ranked stocks in the Basic Materials space are Nucor Corporation (NUE - Free Report) , L.B. Foster Company (FSTR - Free Report) and Albemarle Corporation (ALB - Free Report) . NUE, FSTR and ALB sport a Zacks Rank of #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for NUE’s current-year earnings stands at $14.58 per share, implying an 89.1% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in two of the trailing four quarters and missed twice, with the average surprise being 8.1%.
The Zacks Consensus Estimate for FSTR’s current-year earnings is pegged at $1.74 per share, implying a 152.2% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in one of the trailing four quarters and missed thrice, with the average surprise being 3.62%.
The Zacks Consensus Estimate for ALB’s current-year earnings is pegged at $12.45 per share, indicating a 1,675.9% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed once, with the average surprise being 74.5%.