# 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.

- Type: Acquisition
- Announced: 2016-11-14
- Where: Anhui, China
- Value: $175.0M
- Status: completed
- Capacity: 500 kt PQF rolling mill
- Products: seamless tubes, premium tubular connections
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Vallourec](https://endata.com/companies/335.md) (acquirer)
- [Anhui Tianda Oil Pipe](https://endata.com/companies/336.md) (target)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2016/11/14/889770/0/en/VALLOUREC-Closing-of-the-acquisition-of-Tianda-Oil-Pipe.html), 2016-11-14: "The two transactions value TOP's share (50.61% + 29.93%) at approximately 175 million US dollars."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.