Billionaire Rocca Sees Oilfield Supply M&A as Prices Recover

  • Energy unit preparing to invest ‘substantially’ in Argentina
  • Pipe maker has best debt-to-Ebitda ratio among global peers

The billionaire owner of Tenaris SA, the world’s biggest maker of seamless steel tubes for oil drillers, sees scope for consolidation in the industry with drilling activity and oil prices set to recover.

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