Tenaris announced it had entered into a definitive agreement to acquire from PAO TMK, a Russian company and manufacturer of steel pipes, 100% of the shares of its wholly-owned US subsidiary IPSCO Tubulars, Inc., for US$1,209m, on a cash-free, debt-free basis, which includes US$270m of working capital.
26 Mar 2019
A rather significant US acquisition
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A rather significant US acquisition
- Published:
26 Mar 2019 -
Author:
Fabrice Farigoule -
Pages:
2
Tenaris announced it had entered into a definitive agreement to acquire from PAO TMK, a Russian company and manufacturer of steel pipes, 100% of the shares of its wholly-owned US subsidiary IPSCO Tubulars, Inc., for US$1,209m, on a cash-free, debt-free basis, which includes US$270m of working capital.