DLA Piper advises BTIG as financial advisor to PAO TMK in US$1.2 billion sale of IPSCO Tubulars

DLA Piper advised BTIG, LLC as financial advisor to PAO TMK, a Russian manufacturer of steel pipe, in its US$1.2 billion sale of IPSCO Tubulars Inc. to Tenaris, S.A.

IPSCO Tubulars is a US domestic producer of seamless and welded OCTG and line pipe products, with an annual production capacity of 450,000 metric tons of steel bars, 400,000 metric tons of seamless pipe and 1,000,000 metric tons of welded pipe, and production facilities spread throughout the country.

The DLA Piper team involved included partners Curtis Mo (Silicon Valley) and Sidney Burke (New York).