Tenaris S.A. is a leading European manufacturer of pipes and related services for the world's energy industry and certain other industrial applications.
You did not mention they have a really interesting history as they are the listed part of an Argentine-Italian conglomerate who's founder was an engineer/financial advisor with ties to Mussolini/his regime, then he distanced himself (and avoided being shot as a collaborator 😀), then he founded the company right after WW2 and got involved with Peron in Argentina building infra for him + expanded to other LA countries (where they obviously have longstanding relations now...)...
Appreciated! You are spot on with your findings, thank you for that. I haven't done a deep dive yet but based on my recent readings Rocca was a minister during Mussolini regime.
I linked to your post for my Monday emerging markets links post: https://emergingmarketskeptic.substack.com/p/emerging-markets-week-november-11-2024
You did not mention they have a really interesting history as they are the listed part of an Argentine-Italian conglomerate who's founder was an engineer/financial advisor with ties to Mussolini/his regime, then he distanced himself (and avoided being shot as a collaborator 😀), then he founded the company right after WW2 and got involved with Peron in Argentina building infra for him + expanded to other LA countries (where they obviously have longstanding relations now...)...
https://en.wikipedia.org/wiki/Techint
https://en.wikipedia.org/wiki/Agostino_Rocca
Appreciated! You are spot on with your findings, thank you for that. I haven't done a deep dive yet but based on my recent readings Rocca was a minister during Mussolini regime.