Tenaris informs the market on prosecutors’ request and its effect
December 05 2018 - 7:38PM
Tenaris informs the market on prosecutors’ request and its
effect
Tenaris S.A. (NYSE, Buenos Aires and Mexico: TS and MTA Italy: TEN)
has been informed that, within an ongoing investigation into
allegations involving payments purportedly made to Argentine
government officials (known as the “Notebooks Case”), the Argentine
prosecutors involved in that investigation have appealed the
preliminary decision (“auto de procesamiento”) issued by the
Argentine investigating judge on November 27 and have
requested that all individuals included in that decision, including
Tenaris’s Chairman and Chief Executive Officer Paolo Rocca, be
subject to preventive detention. The prosecutors’ request
does not constitute an order and does not have any immediate
effect. Any such order can only be issued by a court,
and the court of appeals is expected to consider the
prosecutors’ request at the time it considers the investigating
judge’s decision and the appeals against it, including Mr. Rocca’s
appeal.
Tenaris is a leading global supplier of steel tubes and related
services for the world’s energy industry and certain other
industrial applications.
Giovanni Sardagna
Tenaris 1-888-300-5432www.tenaris.com
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