14
Dec
12:39
Tenaris receives expropriation compensation from Venezuela
Global pipe manufacturer Tenaris says that the International Centre for the Settlement of Investment Disputes (ICSID) has awarded compensation to the company and its fully owned subsidiary Talta. This relates to a case involving the expropriation of Tubos de Acero de Venezuela (Tavsa) and Complejo Siderúrgico de Guayana (Comsigua) by the country of Venezuela.
The tribunal awarded to Tenaris and Talta compensation in the amount of $137.0 million and $24.6m…
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