20
May
09:28
Mubadala joins Tubacex with OCTG-CRA investment
Spain’s Tubacex is selling 49% of its tubular solutions business in Abu Dhabi to local Mubadala Investment Company, the stainless seamless tubemaker tells Kallanish. The deal is valued at €150 million ($137.9m) plus an amount corresponding to the investment in the new pipe finishing and threading plant for OCTG-CRA that Tubacex is building in the United Arab Emirates.
“The incorporation of strategic partners that accelerate the business and g…
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Very good overview of the weekly steel market.
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