19
Jan
12:56
TMK sells Romanian Artrom business to Belgrade firm
Pipemaker TMK Group has completed the sale of its Romanian TMK Artrom SA subsidiary to Hefestos Capital, after the latter acquired the shares in TMK Europe GmbH, the majority shareholder of TMK Artrom, Kallanish notes.
Belgrade-based Hefestos, the largest investment banking company in Southeast Europe, acquired 100% of Artrom Steel Tubes, a network of companies in Romania, Italy and the US, and has renamed it to Artrom Group, the company says in a statement.
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