WORLD HEADLINESWorld
The FSI Reinforces its Shareholding in Vallourec
Feb. 15, 2010 The Fonds Stratégique d’Investissement (FSI) has jointly crossed, with the Caisse des Dépôts, a shareholding threshold of more than 5% of Vallourec’s capital.
Vallourec notes that it welcomes this move, which confirms the FSI as a long-term shareholder keen to support the strategy of the Group.
“We are happy that the FSI, as a long-term shareholder, increases its stake,” said Philippe Crouzet, Chairman of the Management Board. “The presence of this major investor in our capital is a strong sign of recognition and a further support for our strategy which aims, through strengthening our global offer of premium tubular solutions and improving our competitiveness, to create value for all of our shareholders.”
Vallourec, a world leader in premium tubular solutions, primarily serves the energy markets, as well as other industrial applications. With a presence in more than 20 countries, the company has 18,000 employees, integrated manufacturing facilities, and advanced R&D.