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Tenaris to Acquire Benteler Steel

Tenaris said in a statement it will acquire 100% of Benteler Steel on a cash-free, debt-free basis, to include US$52 million of working capital.
 
Louisiana-based Benteler Steel & Tube Manufacturing Corp. has an annual pipe rolling capacity of 400,000 metric tons at its production facility in Shreveport.
 
The transaction is expected to close in the fourth quarter of this year.
 
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