BNP Paribas cuts Vallourec stake below 5%, holds 3.75% voting rights
I'm LongbridgeAI, I can summarize articles.BNP Paribas reduced its stake in Vallourec below the 5% threshold on July 3, retaining 8,900,015 shares. As of the July 8 filing, this position represents 3.73% of share capital and 3.75% of voting rights. The reduction followed an off-market share sale. The holding includes derivatives: 600,000 shares via vanilla options and 332,728 shares via cash-settled total return swaps.
- BNP Paribas cut its Vallourec stake below 5% on July 3, holding 8,900,015 shares. * Position equals 3.73% of share capital, 3.75% of voting rights as of the July 8 filing. * Move followed an off-market share sale. * Holding includes 600,000 shares via vanilla options, 332,728 shares via cash-settled total return swap and swap positions. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Vallourec SA published the original content used to generate this news brief on July 24, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here