Pension fund of the Basque Government and other investors acquired 5.12% stake in Tubacex, S.A. from Atalaya Inversiones S.R.L. for €13.6 million.
January 11, 2013 at 05:00 am
Share
Pension fund of the Basque Government and other investors acquired 5.12% stake in Tubacex, S.A. (CATS:TUB) from Atalaya Inversiones S.R.L. for €13.6 million on January 9, 2013. Under the terms, Pension fund of the Basque Government acquired 3.2% stake. Atalaya Inversiones S.R.L. sold 6.7 million shares for €2.04 per share.
Pension fund of the Basque Government and other investors completed the acquisition of 5.12% stake in Tubacex, S.A. (CATS:TUB) from Atalaya Inversiones S.R.L. on January 9, 2013.
Tubacex SA is a Spain-based company primarily engaged, through its subsidiaries, in the steel industry. The Company's main activity is the manufacture, distribution and sale of seamless stainless steel tubes and pipes. The Companyâs product portfolio also includes hollow bars, steel and fittings. It has operations established in Europe, the Americas and Asia.The Company is a parent of Grupo Tubacex, a group, which comprises a number of controlled entities, including Aceria de Alava SA, Tubacex Tubos Inoxidables SA, Schoeller-Bleckmann Edelstahlrohr Inmobilien AG, Salem Tube Inc, Tubacex Taylor Accesorios SA and Metaux Inox Services SAS, among others.
Pension fund of the Basque Government and other investors acquired 5.12% stake in Tubacex, S.A. from Atalaya Inversiones S.R.L. for €13.6 million.
TUBACEX, S.A. 
