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Tenaris S.A. has announced a definitive agreement to acquire 100% of the share capital of Artrom Steel Tubes S.A., a seamless tube manufacturing operation in Romania, for a total purchase price of EUR 86 million on a cash- and debt-free basis, including a normalized level of working capital. The deal represents a confirmed M&A transaction for Tenaris, expanding its seamless tube manufacturing footprint in Europe.

Tenaris S.A. has signed a definitive agreement to acquire 100% of Artrom Steel Tubes S.A., a seamless pipe manufacturing plant in Romania, from U.S.-based GLGH Steel, LLC for EUR 86 million on a cash-free, debt-free basis including normalized working capital. The deal expands Tenaris's European manufacturing footprint in the seamless pipe segment. No closing timeline or regulatory conditions were disclosed in the announcement.