03
Nov
00:00
Tubacex expects to finalise IBF purchase in January
Spanish tubemaker, Tubacex will acquire a 65% stake in Italy’s IBF. The two signed a letter of intent to this effect in July, and on 31 October informed the Spanish Securities Exchange Commission of the next step in their deal. The transaction is due to close early in January and Tubacex will maintain a call option for the remaining 35%.
IBF will take Tubacex a step nearer to becoming a “global tubular solutions provider” by increasing its pr…
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Very good overview of the weekly steel market.
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