Tenaris Completes Acquisition of Participation in Usiminas Through Confab
LUXEMBOURG -- (MARKET WIRE) --
01/17/12 --
Tenaris S.A. (NYSE: TS) (BAE: TS) (BVM: TS) (MILAN: TEN) announced today that its Brazilian subsidiary, Confab Industrial S.A. (Confab), completed its previously announced acquisition of 25 million ordinary shares of Usinas Siderúrgicas
de Minas Gerais S.A. (Usiminas).
Tenaris is a leading global supplier of steel tubes and related services for the world's energy industry and certain other industrial applications.
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