Latest news with #ConnorLynaghTel
Yahoo
05-06-2025
- Business
- Yahoo
Vallourec Completes the Acquisition of Thermotite do Brasil
VALLOUREC COMPLETES THE ACQUISITION OF THERMOTITE DO BRASIL Meudon (France), June 5, 2025 – Vallourec, a world leader in premium seamless tubular solutions, today announces the completion of the acquisition of Thermotite do Brasil from Mattr ( in accordance with the terms of the agreement announced on September 16, 2024. This operation supports Vallourec's premiumization strategy, with the integration of differentiated technological expertise in thermal insulation coatings for pipelines. With this integrated offering, Vallourec reinforces the added value provided to offshore projects in the oil and gas industry. Philippe Guillemot, Chairman of the Board of Directors and Chief Executive Officer 'This acquisition further strengthens our presence and our industrial value chain in Brazil, a key market for the offshore oil and gas industry. It will enable us to take a new step forward in our strategy to offer our customers integrated solutions with very high added value.' The transaction has received all necessary regulatory approvals and was completed within the expected timeframe. About Vallourec Vallourec is a world leader in premium tubular solutions for the energy markets and for demanding industrial applications such as oil & gas wells in harsh environments, new generation power plants, challenging architectural projects, and high-performance mechanical equipment. Vallourec's pioneering spirit and cutting-edge R&D open new technological frontiers. With close to 13,000 dedicated and passionate employees in more than 20 countries, Vallourec works hand-in-hand with its customers to offer more than just tubes: Vallourec delivers innovative, safe, competitive and smart tubular solutions, to make every project possible. Listed on Euronext in Paris (ISIN code: FR0013506730, Ticker VK), Vallourec is part of the CAC Mid 60, SBF 120 and Next 150 indices and is eligible for Deferred Settlement Service. In the United States, Vallourec has established a sponsored Level 1 American Depositary Receipt (ADR) program (ISIN code: US92023R4074, Ticker: VLOWY). Parity between ADR and a Vallourec ordinary share has been set at 5:1. For further information, please contact: Investors relations:Connor LynaghTel : +1 (713) Individual shareholders:Toll free number (From France) : 0 805 65 10 10actionnaires@ Press media Relation: Taddeo Romain GrièreTel : +33 (0)7 86 53 17 29 Nicolas EscoulanTel : +33 (0)6 42 19 14 74 Attachment Vallourec_Press Release_Completion of the Acquisition of Thermotite do Brasil
Yahoo
05-06-2025
- Business
- Yahoo
Vallourec Completes the Acquisition of Thermotite do Brasil
VALLOUREC COMPLETES THE ACQUISITION OF THERMOTITE DO BRASIL Meudon (France), June 5, 2025 – Vallourec, a world leader in premium seamless tubular solutions, today announces the completion of the acquisition of Thermotite do Brasil from Mattr ( in accordance with the terms of the agreement announced on September 16, 2024. This operation supports Vallourec's premiumization strategy, with the integration of differentiated technological expertise in thermal insulation coatings for pipelines. With this integrated offering, Vallourec reinforces the added value provided to offshore projects in the oil and gas industry. Philippe Guillemot, Chairman of the Board of Directors and Chief Executive Officer 'This acquisition further strengthens our presence and our industrial value chain in Brazil, a key market for the offshore oil and gas industry. It will enable us to take a new step forward in our strategy to offer our customers integrated solutions with very high added value.' The transaction has received all necessary regulatory approvals and was completed within the expected timeframe. About Vallourec Vallourec is a world leader in premium tubular solutions for the energy markets and for demanding industrial applications such as oil & gas wells in harsh environments, new generation power plants, challenging architectural projects, and high-performance mechanical equipment. Vallourec's pioneering spirit and cutting-edge R&D open new technological frontiers. With close to 13,000 dedicated and passionate employees in more than 20 countries, Vallourec works hand-in-hand with its customers to offer more than just tubes: Vallourec delivers innovative, safe, competitive and smart tubular solutions, to make every project possible. Listed on Euronext in Paris (ISIN code: FR0013506730, Ticker VK), Vallourec is part of the CAC Mid 60, SBF 120 and Next 150 indices and is eligible for Deferred Settlement Service. In the United States, Vallourec has established a sponsored Level 1 American Depositary Receipt (ADR) program (ISIN code: US92023R4074, Ticker: VLOWY). Parity between ADR and a Vallourec ordinary share has been set at 5:1. For further information, please contact: Investors relations:Connor LynaghTel : +1 (713) Individual shareholders:Toll free number (From France) : 0 805 65 10 10actionnaires@ Press media Relation: Taddeo Romain GrièreTel : +33 (0)7 86 53 17 29 Nicolas EscoulanTel : +33 (0)6 42 19 14 74 Attachment Vallourec_Press Release_Completion of the Acquisition of Thermotite do BrasilSign in to access your portfolio
Yahoo
27-05-2025
- Business
- Yahoo
Vallourec Announces Share Repurchase Program
Press release VALLOUREC ANNOUNCES SHARE REPURCHASE PROGRAM Meudon (France), May 27, 2025 – Vallourec, a world leader in premium seamless tubular solutions, announces its intention to repurchase shares. Vallourec intends to execute a buyback in the amount of approximately 1.2 million shares which will be carried out by June 20th. The repurchased shares will be allocated to the service of employees' long term incentive plans. This buyback reflects the desire of Vallourec to manage future equity dilution and will be carried out in accordance with the buyback program approved by the General Shareholders' Meeting of May 22, 2025 (ninth resolution), which is described in section 5.2.4.2 of the 2024 Universal Registration Document. About Vallourec Vallourec is a world leader in premium seamless tubular solutions for the energy markets and for demanding industrial applications such as oil & gas wells in harsh environments, new generation power plants, challenging architectural projects, and high-performance mechanical equipment. Vallourec's pioneering spirit and cutting edge R&D open new technological frontiers. With close to 13,000 dedicated and passionate employees in more than 20 countries, Vallourec works hand-in-hand with its customers to offer more than just tubes: Vallourec delivers innovative, safe, competitive and smart tubular solutions, to make every project possible. Listed on Euronext in Paris (ISIN code: FR0013506730, Ticker VK), Vallourec is part of the CAC Mid 60, SBF 120 and Next 150 indices and is eligible for Deferred Settlement Service. In the United States, Vallourec has established a sponsored Level 1 American Depositary Receipt (ADR) program (ISIN code: US92023R4074, Ticker: VLOWY). Parity between ADR and a Vallourec ordinary share has been set at 5:1. For further information, please contact: Investor relations:Connor LynaghTel: +1 (713) Individual shareholders: Toll Free number (From France): 0 805 65 10 10 actionnaires@ Press relations: TaddeoRomain GrièreTel: +33 (0)7 86 53 17 Nicolas Escoulan Tel: +33 (0)6 42 19 14 74 Attachment Vallourec_Press Release_Share Repurchase Program
Yahoo
26-05-2025
- Business
- Yahoo
Vallourec: Adjustment of the Exercise Ratio of the Warrants
Press release ADJUSTMENT OF THE EXERCISE RATIO OF THE WARRANTS Meudon (France), May 26, 2025 – Vallourec informs the holders of warrants ('BSA') (ISIN Code: FR00140030K7) that the exercise ratio (Parité d'Exercice)1 of the BSA will be adjusted from 1 ordinary share to 1.098 ordinary share per BSA as from the ex-dividend date, May 26th 2025, with respect to the fiscal year 2024. On that basis, the number of Vallourec shares resulting from the potential exercise of all the BSA would be equal to 33,315,886 shares.2 This adjustment, pursuant to the provisions of section 4.2.8.4. of the note d'opération (AMF visa n°21-093 of March 31, 2021), results from the dividend detached by Vallourec in respect of the fiscal year 2024. About Vallourec Vallourec is a world leader in premium seamless tubular solutions for the energy markets and for demanding industrial applications such as oil & gas wells in harsh environments, new generation power plants, challenging architectural projects, and high-performance mechanical equipment. Vallourec's pioneering spirit and cutting edge R&D open new technological frontiers. With close to 13,000 dedicated and passionate employees in more than 20 countries, Vallourec works hand-in-hand with its customers to offer more than just tubes: Vallourec delivers innovative, safe, competitive and smart tubular solutions, to make every project possible. Listed on Euronext in Paris (ISIN code: FR0013506730, Ticker VK), Vallourec is part of the CAC Mid 60, SBF 120 and Next 150 indices and is eligible for Deferred Settlement Service. In the United States, Vallourec has established a sponsored Level 1 American Depositary Receipt (ADR) program (ISIN code: US92023R4074, Ticker: VLOWY). Parity between ADR and a Vallourec ordinary share has been set at 5:1. For further information, please contact: Investor relations:Connor LynaghTel: +1 (713) Individual shareholders: Toll Free number (From France): 0 805 65 10 10 actionnaires@ Press relations: TaddeoRomain GrièreTel: +33 (0)7 86 53 17 Nicolas EscoulanTel: +33 (0)6 42 19 14 1 As defined under the note d'opération referred to hereafter. 2 Corresponding to 30,342,337 Vallourec shares before adjustment of the exercise ratio of the BSA. Attachment Vallourec_Press Release_Information to the warrantholder - dividend distribution
Yahoo
22-04-2025
- Business
- Yahoo
Vallourec Wins a New Major Line Pipe Contract for Brazil's Buzios Offshore Field
Press release VALLOUREC WINS A NEW MAJOR LINE PIPE CONTRACT FOR BRAZIL'S BUZIOS OFFSHORE FIELD Meudon (France), April 22, 2025 – Vallourec, a world leader in premium seamless tubular solutions, announces today that it has secured a major contract with Allseas to supply line pipes for Búzios 10 offshore project located at the Búzios field, operated by Petrobras. This contract represents nearly 18,000 tons of subsea seamless premium carbon steel line pipes, for the risers and flowlines. The contract includes an optional scope of almost 5,000 tons. Located off the coast of Rio de Janeiro, Búzios is one of the world's largest deepwater fields. This field represents a significant part of the Brazilian oil company's operations. The field's production is expected to substantially increase as five additional units are set to commence operations by 2028. The contract also includes Vallourec's Pipe Navigator solution, a centralized digital portal that offers instant access to up-to-date contractual documentation, data and analysis covering every aspect of its line pipe projects. The entire production will be carried out at our cutting-edge facility in Jeceaba (Minas Gerais, Brazil) to ensure high local content and a reduced carbon footprint. Philippe Guillemot, Group's Chairman and CEO declared: 'This contract reinforces our strategic positioning in Brazil, one of our key markets for complex offshore projects. It also serves as legacy to our ability to deliver premium tubular solutions, fully manufactured in Brazil. This contract also validates the investment strategy implemented over the past three years to enhance our industrial performance and meet the most demanding requirements of our customers.' About Vallourec Vallourec is a world leader in premium tubular solutions for the energy markets and for demanding industrial applications such as oil & gas wells in harsh environments, new generation power plants, challenging architectural projects, and high-performance mechanical equipment. Vallourec's pioneering spirit and cutting-edge R&D open new technological frontiers. With close to 13,000 dedicated and passionate employees in more than 20 countries, Vallourec works hand-in-hand with its customers to offer more than just tubes: Vallourec delivers innovative, safe, competitive and smart tubular solutions, to make every project possible. Listed on Euronext in Paris (ISIN code: FR0013506730, Ticker VK), Vallourec is part of the CAC Mid 60, SBF 120 and Next 150 indices and is eligible for Deferred Settlement Service. In the United States, Vallourec has established a sponsored Level 1 American Depositary Receipt (ADR) program (ISIN code: US92023R4074, Ticker: VLOWY). Parity between ADR and a Vallourec ordinary share has been set at 5:1. For further information, please contact: Investor relations:Connor LynaghTel: +1 (713) Individual shareholders:Toll Free number (From France): 0 805 65 10 10actionnaires@ Press relations: TaddeoRomain GrièreTel: +33 (0)7 86 53 17 Nicolas EscoulanTel: +33 (0)6 42 19 14 Attachment Vallourec_Press Release_Buzios
