Russia: TMK finalizes deal to sell IPSCO Tubulars
Pipe Metal Company has finalized the sale of 100% of IPSCO Tubulars Inc. shares to Tenaris. The price of the deal following the agreement concluded on March 22, 2019, was $1.209 billion. Following the deal the parties have concluded a 6-year agreement, according to which from now on Tenaris will act as an exclusive distributor…