TMK acquired ChelPipe

In April, after purchasing Komarov's share, TMK sent a mandatory offer to the minority shareholders of ChelPipe to purchase the remaining securities. As a result, Pumpyansky bought 100% of the shares of ChTPZ, becoming the undisputed leader in the oil and gas pipes market.

Market participants reacted differently to the deal. Some are afraid of market monopolization, from which there is no way to escape or hide, while others, on the contrary, believe that consolidation will make it possible to more effectively solve the problems of the industry.

And recently it became known that TMK, the largest pipe manufacturer in Russia, should sell a number of capacities for the production of seamless pipes. The decision was made by the FAS, which believes that the deal to purchase ChTPZ leads to limited competition both in the large-diameter pipe market and in the seamless pipe market. The assets must be sold within one and a half years from the date of purchase of ChTPZ.