Bollere stake in Vallourec reaches to 18.1 percent
According to latest industry reports, Bollore Group has increased its stakes in the tube maker Vallourec to 18.1% from 13.9%.
The company has no legal obligation to declare its intentions in acquiring additional shares unless its total stakes exceeds 20%.
18.1% stake in Vallourec gives Bollore 16.3% of voting rights up from 12.5% at the end of January.
Ballore has made a statement that the company has purchased 12.1% stake of French tube and
pipe maker Vallourec in November 2002.