Sept 16 (Reuters) - Vallourec SA:

* VALLOUREC ENHANCES ITS LINE PIPE COATING SOLUTIONS WITH

THE

ACQUISITION OF THERMOTITE DO BRASIL

* ACQUISITION PRICE IS US$ 17.5 MILLION, ON A CASH-FREE,

DEBT-FREE

BASIS

* REITERATES PREVIOUSLY STATED TARGETS TO DELEVERAGE FURTHER

IN H2

2024 AND TO COMMENCE SHAREHOLDER RETURNS IN 2025 AT THE LATEST

* WILL ACQUIRE 100% OF SHARES OF THERMOTITE DO BRAZIL

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(Gdansk Newsroom)