Tenaris To Acquire A Pipe Coating Business Unit Of Mattr

Tenaris S.A. has entered into a definitive agreement to acquire from Mattr 100 per cent of the shares of its subsidiary Bredero Shaw International BV, which holds Mattr’s pipe coating business, for US$166 million (including working capital), on a cash-free, debt-free basis, subject to customary price adjustments.

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