PAO TMK (MISX:TRMK) signed a deal to acquire 86.54% stake in Public Joint Stock Company "Chelyabinsk Pipe-Rolling Plant" (MISX:CHEP) from Andrei Komarov for RUB 84.2 billion on March 9, 2021. All necessary approvals, including approval of Russia's Federal Antimonopoly Service, were received.

PAO TMK (MISX:TRMK) completed the acquisition of 86.54% stake in Public Joint Stock Company "Chelyabinsk Pipe-Rolling Plant" (MISX:CHEP) from Andrei Komarov on March 16, 2021. JPMorgan Chase & Co. (NYSE:JPM), Joint Stock Company Alfa-Bank and Credit Bank of Moscow (public joint-stock company) (MISX:CBOM) acted as financial advisors to PAO TMK while Alexander Gomonov of Latham & Watkins LLP provided legal advisory services to PAO TMK. PricewaterhouseCoopers LLP acted as accountant to PAO TMK. CitiBank acted as financial advisor, and Maria Oleinik and Anton Kunashov of Dentons acted as legal advisor to Andrey Komarov. Citi acted as financial advisor to Chelpipe.