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Welspun To Acquire Saudi Pipe Firm

BY  TEAM VCC
The acquisition will help Welspun in providing a complete solution to the oil & gas majors in the GCC region.

Welspun Corp Ltd, formerly Welspun-Gujarat Stahl Rohren Ltd, is acquiring majority stake in Aziz European Pipe Factory Llc, a Saudi Arabian pipe and pipe coating facility for an undisclosed sum. Aziz European Pipe manufactures pipes primarily for the...

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