Tenaris to acquire a pipe coating business unit of mattr

Luxembourg, aug. 14, 2023 (globe newswire) -- tenaris s.a. (nyse and mexico: ts and exm italy: ten) announced today that it has entered into a definitive agreement to acquire from mattr (matr.to) 100% 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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