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Tenaris Completes Sale of Hydril Pressure Control Business to GE


Tenaris S.A.

2008-04-01 13:41:00

Tenaris Completes Sale of Hydril Pressure Control Business to GE

LUXEMBOURG–( EMWNews – April 1, 2008) – Tenaris S.A. (NYSE: TS) (BAE: TS) (MXSE: TS)

(MILAN: TEN) announced today that it has completed the previously announced

sale to General Electric Company (GE) of its Hydril pressure control

business for a total consideration of US$1,115 million.

Tenaris is a leading global supplier of steel tubes and related services

for the world’s energy industry and certain other industrial applications.

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