Tenaris acquires Romanian Silcotub

Tuesday, 27 July 2004 14:19:58 (GMT+3)   |  

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.

Similar articles

Tenaris to supply seamless pipes for Turkish gas field

31 Jul | Steel News

Tenaris posts improved net profit for H1

02 Aug | Steel News

Tenaris plans new $1.5 billion US seamless pipe mill

22 Jun | Steel News

Positive numbers from Tenaris during Q4 and full-year

24 Feb | Steel News

Tenaris seeks ICSID help to obtain fair compensation for Matesi expropriation

25 Aug | Steel News

Tenaris anticipates higher OCTG sales in latter half of 2011

05 Aug | Steel News

TAMSA to build 450,000 mt seamless pipe production line

24 May | Steel News

Net income up 46 percent for Tenaris in Q1

06 May | Steel News

Tenaris posts $321.2 million net income in Q4

25 Feb | Steel News

Skyline Steel to lease 35-acre parcel at the Port of Longview

28 Jun | Steel News

Marketplace Offers

ERW Longitudinal Galvanized Flat Pipe
External Diamater:  21.7 - 139.7 mm
Wall Thickness:  12.7 - 127 mm
CONARES METAL SUPPLY
ERW Longitudinal Black Pipe
External Diamater:  21.3 - 139.7 mm
Wall Thickness:  12.7 - 127 mm
CONARES METAL SUPPLY
ERW Longitudinal Black Pipe
External Diamater:  21.3 - 114.3 mm
Wall Thickness:  1.2 - 6 mm
INCOSTEEL