PAO TMK (LSE:TMKS) is not negotiating the sale of its IPSCO Tubulars, Inc., Vladimir Shmatovich, deputy Chief Executive Officer for strategy and development at TMK, told reporters on October 30, 2017. TMK considered holding an initial public offering (IPO) of IPSCO in 2014, but decided to suspend the plans indefinitely due to worsening situation on the oil and gas market. Shmatovich said that the company is currently working on several options of raising the subsidiary's capitalization and of raising money, including a sale of a stake in it.