ArcelorMittal Tubular Products Holding, the tubular products arm of the world’s largest steelmaker ArcelorMittal and majority owner of Tubular Products Roman and Tubular Products Iasi (TPRO.RO), late last year announced plans to invest RON370 million in the capital stock of the two companies.
ArcelorMittal Tubular Products Roman was to increase its share capital by RON292.1 million, while the capital of ArcelorMittal Tubular Products Iasi would be raised to RON241 million, from RON162.9 million presently.
The Iasi-based company is yet to announce its decision on the matter.
ArcelorMittal Tubular Products Holding owns has 69.7% of ArcelorMittal Tubular Products Roman’s shares and 96.3% of ArcelorMittal Tubular Products Iasi. (EUR1=RON4.3396)