Tenaris acquires Romanian Silcotub
According to the statement released by Luxembourg-based seamless pipe producer Tenaris S.A, the company has recently acquired Tubman International Ltd following a swift negotiation. As reported by SteelOrbis back in June, Tenaris completed the negotiations regarding the takeover of Silcotub unsuccessfully. However the recently acquired Tubman International Ltd holds 84.86% stake in the Romanian seamless pipe producer Silcotub. Moreover Tenaris acquired controlling stakes in three subsidiaries of Tubman. The deal has been concluded at $42 million.Tenaris acquires Romanian Silcotub
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