Vallourec finalizes the sale of Valinox Nucléaire SAS to Framatome
01 Juni 2021 - 7:45AM
Press release
Vallourec finalizes the sale of
Valinox Nucléaire SAS to
Framatome
Boulogne-Billancourt, June
1st,
2021 – Vallourec, world leader in premium tubular
solutions, announces today that it has finalized the sale to
Framatome of the company Valinox Nucléaire SAS, located at the
French production facility in Montbard (Burgundy, Côte d’Or).
Founded in 1974, Valinox Nucléaire SAS – France is specialized in
the manufacturing of tubes for nuclear islands.
All required regulatory approvals and
authorizations have been obtained and employee representative
bodies have been consulted, making this transaction possible.
Edouard Guinotte, Chairman of the Vallourec
Management Board, stated “the integration of Valinox into Framatome
will offer it and its teams the best possible outlook. I have
witnessed the high quality, skills and commitment of Valinox
employees, and I wish them every success.”
The acquisition of Valinox Nucléaire SAS by
Framatome will allow it to fully integrate the French nuclear
sector, to benefit from potential synergies with this major player
and to provide it with new sales opportunities.
About Vallourec
Vallourec is a world leader in premium tubular
solutions for the energy markets and for challenging industrial
applications such as oil and gas wells in harsh environments, new
generation power plants, daring architectural projects, and
high-performance mechanical equipment. Vallourec's pioneering
spirit and cutting-edge R&D continually open new technological
frontiers. Operating in more than 20 countries, its nearly
17,000 dedicated and passionate employees work hand-in-hand
with their customers to offer much more than just tubes: they
deliver innovative, reliable, competitive solutions to make every
project possible.
Listed on the Euronext in Paris (ISIN code:
FR0013506730, Ticker VK), Vallourec is included in the SBF 120
index and is eligible for the Deferred Settlement Service (SRD)
Long-Only.
In the United States, Vallourec has 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 more information, please
contact:
Investor relations Jérôme
FribouletTel.: +33 (0)1 49 09 39
77investor.relations@vallourec.com |
Press
relations Héloïse Rothenbühler Tel.: +33 (0)6 45 45 19
67heloise.rothenbuhler@vallourec.com |
Individual shareholder relationsToll-Free Number:
0805 65 10 10actionnaires@vallourec.com |
|
- PR_Vallourec_Valinox_01062021_EN
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