The shares of the pipe producer TMK rose by 11.49%, to 61.54 rubles as of 11:00 a.m., Moscow time on March 25, after an announcement of sale of a U.S. subsidiary IPSCO Tubulars to Tenaris for $1.209 billion on March 22, according to the Moscow Exchange.
TMK rose by 25.17% to a peak of 59.08 rubles on March 22.
The Moscow Exchange suspended trade in ordinary shares of the company due to the abrupt rise. (Prime/Ukrainian metal)
Your advertisement under each post on this site. DETAILS