<div id="readability-page-1">Major stake sale: ArcelorMittal sold roughly 23.9 million Vallourec shares, equating to 10% of the French steel tubes maker’s capital, for about $667 million. Shareholder returns: Proceeds from the sale will support ArcelorMittal’s ongoing share buyback program, aligning with its capital return strategy. Strategic retention: Despite the sale, ArcelorMittal keeps a 17.3% stake in Vallourec and one board seat, preserving influence over the company.</div>

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<p>ArcelorMittal sold 10% of Vallourec, approximately 23.9 million shares, for $667 million. The proceeds will fund its share buyback program, part of its capital return strategy. Despite the sale, ArcelorMittal retains a 17.3% stake and one board seat in Vallourec.</p>

ArcelorMittal

ArcelorMittal sells 10% Vallourec stake for $667M buyback plan