Boulogne-Billancourt, 11 February 2010 - The
Fonds Stratégique d’Investissement (FSI) has declared that it has jointly
crossed, with the Caisse des Dépôts, a shareholding threshold of more than 5 %
of Vallourec’s capital.
Vallourec welcomes this move which confirms
the place of the FSI as a long term shareholder keen to support the strategy of
Commenting on this operation, Philippe
Crouzet, Chairman of the Management Board stated : « We are happy that the FSI,
as a long term shareholder, increases its stake. 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.