Vallourec completes acquisition of majority stake in Anhui Tianda Oil Pipe

Vallourec closed the purchase of a 50.61% stake in Chinese seamless tube maker Anhui Tianda Oil Pipe, raising its total holding to 70.07%. The two transactions valued TOP's share at about 175 million US dollars.

“The two transactions value TOP's share (50.61% + 29.93%) at approximately 175 million US dollars.”globenewswire.com

• 1 source
• globenewswire.comVALLOUREC : Closing of the acquisition of Tianda Oil PipeNov 14, 2016

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