Hefestos Capital d.o.o. acquired TMK Europe GmbH from PAO TMK (MISX:TRMK) on January 19, 2023. The transaction has already been certified by the competent authority in Germany. TMK Europe GmbH management team remains the same. TMK Europe GmbH name changed to Artrom Steel Tubes. The new shareholders also decided to appoint a new Board of Directors of ARTROM STEEL TUBES, dominated by independent directors, including Adrian Popescu, Stefan Petrovic, Casey Steven Sears, Cristian Drinciu, Vlad Nastase, Victor Cionga and Ingrid Larsen – professionals with significant experience in their field.

Hefestos Capital d.o.o. completed the acquisition of TMK Europe GmbH from PAO TMK (MISX:TRMK) on January 19, 2023.