Vallourec : The coronavirus crisis has got the better of Vallourec
The prolonged pandemic, uncertainties over developments in the economic situation and inauspicious market conditions eventually led Vallourec to shelve its planned capital increase announced earlier in the year. After entering into talks with its main shareholders and banks, Vallourec ultimately decided to extend these discussions to all its creditors. The proposed appointment of a mandataire ad hoc will pave the way for opening negotiations. - This Special Comment recaps on the d...Vallourec is a holding company. Through its subsidiaries, Co. supplies tubular solutions, mainly for the energy markets as well as other industrial applications. Co.'s activities can be divided into two segments: the Seamless tubes segment (production of hot-rolled seamless carbon and alloy steel tubes, both smooth and threaded, for the oil and gas industry); and the Speciality Products segment (production of stainless steel and titanium tubes as well as specific forming and machining activities). Co. is organized into four divisions: Energy and Industry division; Oil Country Tubular Goods division; Drilling Products division; and Brazil division.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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