Tenaris to acquire benteler steel & tube pipe manufacturing plant in shreveport, louisiana

Luxembourg, july 07, 2022 (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 benteler north america corporation, a benteler group company, 100% of the shares of benteler steel & tube manufacturing corporation for an aggregate price of us$460 million, on a cash-free, debt-free basis. the acquisition will include us$52 million of working capital.
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