Tenaris Agrees Sale Of 75% Dalmine Energie

Luxembourg-based Tenaris, the world’s largest steel tube producer, controlled by Argentina’s Techint, is to sell 75% of its stake in Italian energy provider Dalmine Energie to German energy sales company E.ON Sales and Trading for $50 million. Dalmine Energie is valued at $92 million. Dalmine Energie specializes in distributing electricity and natural gas to industrial and commercial clients in Italy.