Vallourec's Strategic Site Sale Agreement Enhances Future Growth
Vallourec and VINCI Immobilier Confirm Sale Agreement
Vallourec, an eminent player in premium seamless tubular solutions, has reached a pivotal moment in its plan for the Déville-lès-Rouen site. The company recently signed a sale agreement with VINCI Immobilier, marking an important step in its operational strategy.
Significance of the Déville-lès-Rouen Sale
Since 2023, Vallourec has taken significant strides to decontaminate and rehabilitate the Déville-lès-Rouen site, fulfilling its obligations to local authorities. This preparatory work laid the foundation for a competitive tender process launched in September 2024. Vallourec’s collaboration with VINCI Immobilier began in March 2025 after exclusive negotiations resulted in a proposal that aligned perfectly with the expectations of the Vallourec Group.
Creating a Vibrant Business Hub
VINCI Immobilier's project intends to transform the site into a bustling business hub, designed to attract local and regional enterprises. This endeavor aims to generate diverse employment opportunities, ultimately aiming to create around 300 jobs. By providing customized building solutions, VINCI Immobilier hopes to cater to the needs of local businesses.
Environmental Initiatives in Development Plans
The vision for the site also emphasizes sustainability. A portion of the area will be developed into green spaces, particularly around the Cailly River, which will be restored to its natural state. These initiatives are part of VINCI Immobilier's commitment to not only promote economic development but also to enhance environmental sustainability.
Next Steps for Vallourec and VINCI Immobilier
Following the signing of this agreement, Vallourec and VINCI Immobilier are set to navigate through the necessary regulatory processes for the final transfer of the site, anticipated to occur in the forthcoming years. This collaborative effort underscores both companies' commitment to fostering economic and social advancements in the local community.
About Vallourec
Vallourec is recognized globally for its premium seamless tubular solutions, particularly in the energy markets and various industrial applications. With an extensive workforce of nearly 13,000 employees across over 20 countries, Vallourec partners with clients to deliver innovative, secure, and cutting-edge tubular solutions tailored for demanding projects.
Vallourec's Trading Information
The company is listed on Euronext in Paris under the ticker symbol VK and is a component of major indices such as the CAC Mid 60 and SBF 120. Vallourec also offers a sponsored Level 1 American Depositary Receipt (ADR) program in the United States, facilitating alternative access to its equity for international investors.
Frequently Asked Questions
What is the purpose of the sale agreement?
The sale agreement aims to transition the Déville-lès-Rouen site into a business hub, fostering local economic growth and job creation.
Who are the partners in this project?
Vallourec is partnering with VINCI Immobilier to execute the sale and future development of the site.
What employment opportunities will the project create?
The development is expected to create around 300 jobs, enhancing local job prospects.
How does the project address environmental concerns?
The initiative includes plans for green spaces and the restoration of the Cailly River, emphasizing sustainability in development.
When will the transfer of ownership take place?
The final transfer of the site is anticipated to occur in 2026, following regulatory approvals.
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