Argentine Court Reverses Decision Against Tenaris’s CEO and Chairman
April 15 2019 - 6:42PM
Tenaris S.A. (NYSE, Buenos Aires and Mexico: TS and MTA Italy: TEN)
has been informed that, earlier today, an Argentine court of
appeals reviewing the preliminary decision (procesamiento) of
November 27, 2018 issued by the first-instance judge investigating
the Notebooks Case with respect to Paolo Rocca, Chairman and CEO of
Tenaris, reversed the procesamiento on the basis of absence of
necessary and sufficient grounds to link Mr. Rocca with the
proceedings. Further investigation into the payments and their
alleged justifications would be necessary.
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
Tenaris1-888-300-5432www.tenaris.com
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