abce certificate
LIVE

Search >>  

12 May 2008 13:10 GMT | more prices >>

KPIOS shells out $20m for IPIC stake



By Upstream staff 

Egypt Kuwait Holding has sold a 25% stake in International Pipe Industry Company (IPIC) to Kuwait Pipe Industries & Oil Services (KPIOS) for $20 million.

The company said in a statement that the stake amounted to 100,000 shares.

IPIC runs a steel pipe mill that produces pipes and a pipe bending plant, while KPIOS is a pipe manufacturer and pipeline contactor, according to the companies' websites.

22 April 2008 12:24 GMT  | last updated: 22 April 2008 12:25 GMT

Fired up: KPIOS has bought a 25% stake in pipe maker IPIC
 

Related articles


- IPIC takes slice of Uzbek pie
- Oxy and IPIC join forces
- OMV and IPIC team up
- IPIC seeks FEED bids
- IPIC calls to Hormuz bypass hopefuls

Related companies


MarSol
Litre Meter Ltd
TECNA Engineering
Generon
Draka Marine, Oil & Gas Intl
view all
live
hardcopy
to top
print article

e-mail this article to a colleague


to email:  from:
comments: