PAO TMK completed the acquisition of 11.08% stake in Public Joint Stock Company "Chelyabinsk Pipe-Rolling Plant" from Calistor Holdings Limited and others for RUB 10.7 billion
PAO TMK (MISX:TRMK) completed the acquisition of 11.08% stake in Public Joint Stock Company "Chelyabinsk Pipe-Rolling Plant" (MISX:CHEP) from Calistor Holdings Limited and others for RUB 10.7 billion on June 25, 2021. Shareholder of Public Joint Stock Company "Chelyabinsk Pipe-Rolling Plant" tendered 33.895791 million shares representing 11.08% stake. PAO TMK said it had not yet decided whether to conduct a squeeze-out. PAO TMK will announce its decision in a month or two.