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Shawcor sells substantial part of pipeline and pipe services business for $220M – Winnipeg Free Press

Breaking News, Sports, Manitoba, Canada

Shawcor sells substantial part of pipeline and pipe services business for $220M

TORONTO - Shawcor Ltd. has signed a deal to sell a substantial part of its pipe coating division to Tenaris S.A. for about $220 million.

Shawcor sells big part of pipe services business to Tenaris for $220M

Mattr signs agreement to sell part of its pipeline to Tenaris for approximately CAD $220M

The perimeter of the transaction does not include entities of the PPG business in Malaysia, Italy, the United Kingdom and Brazil, which the Company remains committed to exit at the appropriate time.

Shawcor Agrees to Sell Substantial Part of Pipeline, Pipe Services Segment to NYSE-listed Tenaris

Shawcor Ltd., dba Mattr Infratech a global materials technology company, overnight Monday said that it has agreed to sell a substantial part of its pipe coating division to Tenaris S.A. . The. -Today at 07:28 am- MarketScreener

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