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08 Jul
15:57

ZTZ eyes ChelPipe acquisition: reports

Russia's Zagorsk Pipe Plant (ZTZ) remains in the mood for mergers and acquisitions as it continues to eye product range and market share expansion, as well as securing feedstock supply. After its acquisition of Ural Steel from Metalloinvest fell through (see Kallanish passim), ZTZ is eyeing Chelpipe, one of Russia's leading large-diameter and OCTG pipe producers, according to Russian press reports citing sources close to negotiations. Chelpipe is…
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