VALLOUREC SUFFERS FROM DISPOSAL OF SHARES AT REDUCED PRICE
PARIS (Archyde.com) – Vallourec is at the bottom of the SBF 120 index on Thursday morning on the Paris Stock Exchange after the announcement of a placement of shares by several investors in the manufacturer of steel tubes at a price of 12.20 euros per share, i.e. at a discount of 12.5% compared to its closing price on Wednesday.
Around 08:45 GMT, the Vallourec share lost 6.88% to 12.985 euros.
Goldman Sachs, which acts as bookrunner with Barclays, clarified on Wednesday evening that several shareholders, including Red Maple, Kings Forest and Queens Gate, placed around 13.7 million Vallourec shares, or nearly 6% of the capital.
(Written by Laetitia Volga, edited by Bertrand Boucey)