After Losing a Key Tender in Vaca Muerta, Tenaris Acquires a Tube Manufacturer
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4 Articles
El Cronista
larepublica.coTenaris agreed to purchase 100% of Artrom Steel Tubes, a Romanian manufacturer of steel and seamless pipes, for 86 million euros.The operation was known a few days after the replacement in the overall management of the company and arrived after it was outside the tender to provide the pipeline pipes that will connect Vaca Muerta with the Gulf of San Matías.The company, controlled by the Techint Group, signed an agreement with GLGH Steel, a compa…
The group will allocate €86 million for the full purchase of Artrom Steel Tubes (AST), controlled by the Americans from GLGH. Tenaris entered into a definitive agreement for the purchase of 100% of the corporate capital of AST Slatina from GLGH Steel (SUA), for a total purchase price of €86 million, on a basis ‘cash-free and debt-free' (calculated as if the company were sold without excess cash and net financial debts), including a normalized le…
On Monday, May 11, 2026, the Romanian industrial landscape recorded a change of proportions. The Tenaris international group announced the signing of an agreement for the purchase of 100% of the share capital of Artrom Steel Tubes, marking a visible consolidation in the metallurgical sector. The financial and operational details of the purchase of Artrom The seller of the majority package is GLGH Steel LLC, an entity [...]
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