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Vallourec Completes the Disposal of Serimax
Globenewswire· 2025-07-25 16:00
Core Viewpoint - Vallourec has completed the disposal of its subsidiary Serimax for an enterprise value of €79 million, as part of its strategy to focus on its core business of premium seamless tubular solutions [2][3]. Group 1: Transaction Details - The disposal of Serimax was finalized on July 24, 2025, with an enterprise value of €79 million [2]. - Serimax generated approximately €105 million in revenues in 2024 and has transformed into a profitable standalone company [3]. Group 2: Strategic Focus - This transaction is part of Vallourec's initiatives to rationalize its invested capital and concentrate on its core business [3]. - The New Vallourec plan aims to enhance the company's focus on premium seamless tubular solutions [3]. Group 3: New Shareholder - Aldebaran, a French investment company, will become the new shareholder of Serimax, supporting its ambitious development [4].