PAO TMK (MISX:TRMK) made an offer to acquire remaining 13.4% stake in Public Joint Stock Company "Chelyabinsk Pipe-Rolling Plant" (MISX:CHEP) for RUB 13 billion on March 31, 2021. As per terms of transaction, PAO TMK paid RUB 318.26 for each share and will acquire 41.1 million shares. The offer will begin from April 17, 2021 and will close on June 25, 2021.

JPMorgan Chase acted as financial advisor and Alexander Gomonov and Mikhail Turetsky of Latham & Watkins LLP acted as legal advisors to PAO TMK.