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Stock impact report

Tenaris’s Board of Directors Provides Full Support to its Chairman and Chief Executive Officer and two other Directors

Tenaris S.A. American Depositary Shares (TS) 
Last tenaris s.a. american depositary shares earnings: 2/19 04:34 pm Check Earnings Report
US:NYSE Investor Relations: ir.tenaris.com
Company Research Source: GlobeNewswire
LUXEMBOURG, Feb. 14, 2020 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE, Mexico: TS and MTA Italy: TEN) today issued the following statement: Tenaris has been advised that the Italian court overseeing the investigation into alleged improper payments made in Brazil for the supposed benefit of Confab Industrial S.A., a Brazilian subsidiary of the Company, has decided to move the case to trial.  The case involves Chairman and Chief Executive Officer Paolo Rocca and Board members Gianfelice Rocca and Roberto Bonatti, and the Company’s controlling shareholder, San Faustin S.A. The Company’s outside counsel previously reviewed the Italian prosecutors’ investigative file and has informed the Board that neither that file nor this magistrate’s decision sets forth evidence of involvement by any of the three directors in the alleged wrongdoing.  Accordingly, the Board has concluded that no particular action is warranted at the present time, other than inviting the referred board members to cont Show less Read more
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