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Vallourec: JP Morgan Securities cuts stake

(CercleFinance.com) - A notice published by the Autorité des Marchés Financiers this morning details the announcement that on 2 August JP Morgan Securities' stake in Vallourec fell below the thresholds of 5% of its capital and voting rights.


On this date, and after an over-the-counter sale of securities, this London subsidiary of JP Morgan Chase & Co. held, on its own behalf, 4.84% of the group's capital and 4.72% of its voting rights.


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