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TMK Announces the U.S. Department of Justice approved Tenaris’s acquisition of IPSCO Tubulars from TMK

Inside information: This announcement does not contain inside information.

Forward-looking statements: The following contains forward-looking statements concerning future events. These statements are based on current information and assumptions of TMK management concerning known and unknown risks and uncertainties.

December 18, 2019 – PAO TMK announces that the U.S. Department of Justice (DOJ) has closed its investigation of Tenaris’s proposed acquisition of IPSCO Tubulars, Inc. from PAO TMK.   

The proposed transaction was entered into on March 22, 2019 pursuant to a Stock Purchase Agreement between PAO TMK, one of the world’s leading producers of tubular products for the oil and gas industry, and a wholly owned subsidiary of Tenaris, an international producer of seamless and welded pipe. TMK expects to be able to consummate the transaction shortly.

TMK Announces the U.S. Department of Justice approved Tenaris’s acquisition of IPSCO Tubulars from TMK