Metals and Mining
Company Overview of Confab Industrial SA
Confab Industrial S.A. engages in the manufacture of welded steel pipes and capital goods. The company is based in Sao Paulo, Brazil. Confab Industrial S.A. is a subsidiary of Tenaris S.A.
Av. Dr. Gastão Vidigal Neto
475 Cidade Nova Pindamonhangaba
Sao Paulo, SP 12414-900
Key Executives for Confab Industrial SA
President of Board of Directors
Administration & Finance and Investor Relations Director
Executive Vice President and Director of Pipe Division
Executive Vice President and Director of Equipment Business
Compensation as of Fiscal Year 2014.
Confab Industrial SA Key Developments
Companhia Sider Rgica Nacional Files Lawsuit Against Confab Industrial SA Seeks Tender Offer to Minority Holders of Usiminas Ordinary Shares
Feb 5 13
Tenaris SA announced that Confab Industrial SA notified of a lawsuit filed in Brazil by Companhia Sider rgica Nacional (CSN) and various entities affiliated with CSN against Confab and various subsidiaries of Ternium S.A. The entities named in the CSN lawsuit had acquired a participation in Usinas Sider rgicas de Minas Gerais S.A. - USIMINAS (Usiminas) in January 2012. The CSN lawsuit alleges that, under applicable Brazilian laws and rules, the acquirers were required to launch a tag-along tender offer to all minority holders of Usiminas ordinary shares for a price per share equal to 80% of the price per share paid in such acquisition, or BRL 28.8 and seeks an order to compel the acquirers to launch an offer at that price plus interest. If so ordered, the offer would need to be made to 182,609,851 ordinary shares of Usiminas not belonging to Usiminas' control group, and Confab would have a 17.9% share in the offer. Tenaris believes that CSN's allegations are groundless and without merit, as confirmed by several opinions of Brazilian counsel and previous decisions by Brazil's securities regulator Comiss o de Valores Mobili rios, including a February 2012 decision determining that the above mentioned acquisition did not trigger any tender offer requirement. Accordingly, Tenaris will defend itself vigorously.
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