08
Dec
09:40
SSPC buys out exiting Global Pipe Company shareholder
Dammam-based Saudi Steel Pipe Company (SSPC), shareholder in Global Pipe Company (GPC), has been informed by fellow shareholder EEW Holding of its intention to sell its 35% stake in the large-diameter pipemaker, Kallanish notes.
According to a bourse filing, SSPC, which also owns a 35% stake in GPC, has decided to acquire the EEW shareholding by using its right of first refusal under GPC’s by-laws.
"Upon satisfaction of customary closing cond…
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