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Vallourec SA (VLLP.PA)

VLLP.PA on Paris Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Anhui Tianda Oil Pipe updates on revised offer from unit of Vallourec<0839.HK>
Thursday, 4 Aug 2016 10:09am EDT 

Anhui Tianda Oil Pipe Co Ltd <0839.HK>: Revised possible cash offer from Vallourec Tubes SAS for all the issued H shares in Anhui Tianda Oil Pipe . Vallourec Tubes SAS (offeror) to amend proposed terms of general offer by offering delisting premium of HK$0.01 per offer share . Says delisting premium is in addition to the basic offer price of HK$1.66 per offer share . Aggregate consideration payable per offer share to h shareholders if delisting resolution is approved is HK$1.67 per offer share . Revised offer is valued at approximately HK$503.7 million based on enhanced offer price and 301.6 million offer shares .Consideration payable under revised offer will be met from internalresources of offeror.  Full Article

Vallourec H1 net loss group share widend to 415 million euros
Thursday, 28 Jul 2016 11:45am EDT 

Vallourec : ‍​Revenues of 763 million euros ($845.79 million) in Q2 2016 and 1,434 million euro in H1 2016 compared to 2,070 million euros in H1 2015, down 30.7 pct . EBITDA of -32 million euros in Q2 2016 and -104 million euros in H1 2016 compared to 66 million euros in H1 2015 . H1 net result, group share of -415 million euros compared to -275 million euros in H1 2015 .2016 guidance confirmed.  Full Article

Vallourec starts exclusive negotiations for sale of majority holding in Saint-Saulve steel mill
Thursday, 21 Jul 2016 02:55am EDT 

Vallourec : Starts exclusive negotiations with the Ascometal Group for the sale of a majority holding in the Saint-Saulve steel mill . Negotiations should be concluded with a final agreement being signed by end of 2016 . At this stage in proceedings, two partners envisage Ascometal having a 60 pct holding, thus giving latter exclusive control of operations .At this stage in proceedings, two partners envisage creating a joint venture with Vallourec holding a 40 pct stake.  Full Article

Vallourec announces conversion of NSSMC's convertible bonds
Monday, 20 Jun 2016 02:32am EDT 

Vallourec : Conversion of NSSMC's mandatory convertible bonds .Following this conversion, Vallourec's capital will stand at EUR 889,276,098 ($1.01 billion), divided into 444,638,049 shares.  Full Article

Vallourec gives Q2 2016 guidance
Monday, 2 May 2016 08:00pm EDT 

Vallourec SA:Says second quarter 2016 revenues and results are expected to be better than in the first quarter.  Full Article

Vallourec launches 480 million euro rights issue
Friday, 8 Apr 2016 02:35am EDT 

Vallourec SA:Announces launch of rights issue for about 480 mln euro with shareholders' preferential subscription rights.Subscription ratio: 8 new shares for 5 existing shares.Subscription price: 2.21 euro per new share.Subscription period: from April 11 to April 22 inclusive.  Full Article

Vallourec SA looking to cut 850 jobs - union tells Le Monde - Reuters News
Thursday, 7 Apr 2016 01:08am EDT 

Vallourec SA:Le Monde says union officials are talking about 850 jobs being on the line at French metal tubes maker Vallourec.  Full Article

Vallourec supplies seamless tubes for the Canopy of Les Halles in Paris
Monday, 4 Apr 2016 08:00pm EDT 

Vallourec SA:Vallourec supplies seamless tubes for the Canopy of Les Halles in Paris.  Full Article

Vallourec signs contract with ADNOC
Wednesday, 30 Mar 2016 02:45am EDT 

Vallourec SA:Signs a contract with Abu Dhabi National Oil Company (ADNOC) to supply OCTG during 2016-2018 period to its three operating companies.Will supply a full range of standard API and premium OCTG for both onshore and offshore oilfields.  Full Article

Vallourec announces new credit facility of 450 million euros
Wednesday, 30 Mar 2016 02:03am EDT 

Vallourec SA:New credit facility of 450 million euros, extension of an existing credit facility and enlargement of the syndicate of banks for the intended rights issue.Agreement for an additional revolving credit facility for an amount of eur 450 million, maturing in Feb. 2020.This facility is subject to a covenant to maintain a gearing ratio of a maximum of 75 pct, similar to Vallourec's other bank facilities.The new 450 million euro credit facility will become available subject to the closing of Vallourec's contemplated rights issue and a total capital increase in an amount approximately equal to the 1 billion euros previously announced.In addition, Vallourec has reached an agreement to extend by three years its existing bilateral revolving credit facility with J.P. Morgan for its US subsidiary Vallourec Star, LP in an amount of $80 million.  Full Article

BRIEF-Vallourec says merges its two Brazilian companies

* Co holds majority stake of 84.6% in vallourec soluções tubulares do brasil, nippon steel & sumitomo metal corp 15%, and sumitomo corp 0.4%.