Russia, TMK Pipes
Final results for Q4 and 2016.
TMK of Dmitry Pumpyansky is ready to pay the final dividends for the year, which it didn’t do for the past three years, but is not going to increase the base of the payments.
In 2016, the net profit of TMK Pipes under IAS made up $166 million against the loss in the amount of $368 million in the previous year, the company reports.
The majority shareholder of TMK - Cyprus company TMK Steel Holding Limited, the main beneficiary of which is businessman Dmitry Pumpyanskiy – has increased its stake in TMK from 51.6 to 65%,
A subsidiary of TMK - Rockarrow Investments Limited - has returned 13.44% of the TMK Pipes’ shares, bought 138.89 million voting shares from VTB Bank, the company informs.
Gazprom has determined the winners of the tender for pipe supply for 13.896 bln roubles, the company reports.
Gazprom Equipment has purchased 144 thousand tons of large diameter pipes for repairs to the amount of 14 billion rubles.
"Most of the applications fell on the British funds - about a third of the placement." Prior to that, deputy general director of TMK for strategy and development Vladimir Shmatovich infor
TMK along with its affiliates announced of the start of the SPO.
It is about 138.888 mln general shares.
TMK, which is one of the leading manufacturers of pipes for the oil and gas sector in the world, is going to sell its non-core assets to reduce debts.