25
Oct
12:39
TMK completes Chelpipe buyout
Russian pipemaker TMK has completed the acquisition of the remaining stake in Chelpipe from minority shareholders, Kallanish notes.
The company finished the mandatory buyback of 2.37% of shares as part of the procedure launched on 12 August, having bought back shares at a price of RUB 318.26 ($4.55) per share.
The register of owners of securities subject to redemption was compiled as of 27 September.
In March, TMK completed a deal to acquire 86.54…
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Very good overview of the weekly steel market.
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