Vallourec wants to broaden negotiations on financial restructuring

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FILE PHOTO: The Vallourec logo is pictured at the World Nuclear Exhibition (WNE), the exhibition for the world nuclear community in Villepinte near Paris, France, on June 27, 2018. REUTERS / Benoit Tessier

PARIS (Reuters) – French manufacturer of steel tubes Vallourec (VLLP.PA) on Tuesday declared its intention to hold broader discussions on its financial restructuring with all its banks, shareholders and bondholders.

The company said it was seeking a restructuring that would allow it to meet future debt maturities and rebalance its financial structure. Vallourec has previously had discussions only with banks and its major shareholders, he added.

Report by Matthieu Protard; Editing by Pravin Char

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