# Mubadala acquires 49% stake in Tubacex's OCTG business for $200M

Mubadala Investment Company has acquired a 49 percent stake in the oil country tubular goods (OCTG) business of Spanish industrial solutions firm Tubacex for $200 million. The investment will boost production of corrosion-resistant alloy tubular solutions for gas exploration.

- Type: Acquisition
- Announced: 2024-11-01
- Value: $200.0M
- Status: announced
- Products: corrosion-resistant alloy tubular solutions, specialized steel pipes and tubes
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Mubadala Investment Company](https://endata.com/companies/5162.md) (acquirer)
- [Tubacex](https://endata.com/companies/37425.md) (target)

## Sources

- [thenationalnews.com](https://www.thenationalnews.com/business/energy/2024/11/01/mubadala-acquires-49-stake-in-spanish-industrial-firm-tubacexs-unit-for-200m/), 2024-11-01: "This collaboration aligns … with our efforts to support the UAE’s industrial vision which aims to accelerate the nation’s development of non-oil based growth."

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