Vallourec to Raise $1.1 Billion With Nippon Steel's Help

  • Nippon Steel, Bpifrance to each own 15% of company after deal
  • Vallourec to cut production capacity, jobs to revive earnings

Vallourec to Have Ample Liquidity With Capital Hike: CFO

Vallourec SA, the French maker of steel tubes for the oil and gas industry, plans to raise 1 billion euros ($1.1 billion) by selling bonds and shares to fund a restructuring prompted by the slump in crude.

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