Mattr finalizes pipe coating business sale

Toronto, nov. 30, 2023 (globe newswire) -- shawcor ltd., dba mattr infratech (“mattr” or the “company”) (tsx: matr) announced today that it has completed the previously-announced sale of its pipe coating business (“pipeline performance group” or “ppg”) to tenaris s.a. (“tenaris”) (nyse and mexico: ts and exm italy: ten). the company has received total proceeds of us$182.6 million, including estimated working capital and us$16.9 million in cash, for effective proceeds of us$165.7 million (or approximately cdn$225 million).
TS Ratings Summary
TS Quant Ranking