Argie 1

Argentina’s Merval Index: An Overview

Far from denting my nation pride.......but once again, get your facts right before writting. Tenaris wasn't originated in Italy, but that is a common mistake for people that don't know it history. The company was founded by Agustin Rocca (Paolo's and Agostino Rocca's father) an italian inmigrant (that used to work in Damine Italy and left Italy due to Mussolini). He founded Dalmine Argentina, latter called Dalmine Siderca (no relationship whatsoever with Dalmine Italy) and later called Siderca (late 80's). During late 90's early 2000' Siderca bought Tamsa, made a holding company called Tenaris. Then they bought a portion of Dalmine Italy and other companies (Silcotub, Donasid, a portion of NKK Tubes, Hydril, Maverick, Algoma, etc, etc), making this huge multinational conglomerate. If you'd like to discuss this company, history, numbers, cost, margins, etc, etc, be my guess; I believe that I know it far much better than you.

At the end of the day my point is that Tenaris is not italian as you state in your article. And by the way it doesn't matter if a tini little bit of their shares float in the BCBA since only 39.5% of the company float.

Argentina’s Merval Index: An Overview

Ottorock,

I believe that the one that has to take its head up from the sand and learn a little bit more is you. Your comment shows that you don't know the company at all nor its shareholders. Again, verify the information before posting it.

Acindar is a very different story (it's been bought by Arcelor Mittal), but in Tenaris or Ternium's (both companies belong to the same shareholder but are not the same) case the major and controlling shareholder are Argentinean, and bought all the other companies you've described.

cheers.

Argentina’s Merval Index: An Overview

It'll be great if before writing or posting information it would be confirmed. Tenaris is not an italian company, is Argentinean. In any case, if you'd like to put where it is incorporated it should be Louxembourg not Italy. Its main shareholders and management are Argentinean, live in Argentina and work in Argentina; and its headquarters are located in Buenos Aires. Next time please confirm the information before posting it.