Tenaris to acquire IPSCO Tubulars from TMK for $1.209 billion

Tenaris S.A. has entered into a definitive agreement to acquire IPSCO Tubulars, Inc., a U.S. producer of seamless and welded OCTG and line pipe, from PAO TMK for $1.209 billion. The transaction is subject to regulatory approvals.

“This acquisition would mark a further step in our journey as a domestic producer and supplier to the U.S. oil and gas industry.”globenewswire.com

• 1 source
• globenewswire.comTenaris to Acquire IPSCO Tubulars from TMKTenaris S.A.Mar 22, 2019

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