FORM 6 - K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a - 16 or 15d - 16 of
the Securities Exchange Act of 1934
As of May 20, 2005
TENARIS, S.A.
(Translation of Registrant's name into English)
TENARIS, S.A.
46a, Avenue John F. Kennedy
L-1855 Luxembourg
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or 40-F.
/
Form 20-F __\/__ Form 40-F ____
Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the information to
the Commission pursuant to Rule 12G3-2(b) under the Securities Exchange Act of
1934.
/
Yes _____ No __\/__
If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82- ______________.
The attached material is being furnished to the Securities and Exchange
Commission pursuant to Rule 13a-16 and Form 6-K under the Securities Exchange
Act of 1934, as amended. This report contains Tenaris's press release
announcing: "Tenaris to Put Sidor Stake into Steel Holding Organized by
Techint".
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Date: May 20, 2005
Tenaris, S.A.
By: /s/ Cecilia Bilesio
-----------------------
Cecilia Bilesio
Corporate Secretary
Tenaris to Put Sidor Stake into
Steel Holding Organized by Techint
LUXEMBOURG--(BUSINESS WIRE)--May 18, 2005--Tenaris S.A. (NYSE:TS), (BCBA:TS)
(BMV:TS) (BI:TEN) announced today that it will exchange its
investments in Sidor for shares in the company in which Techint has
announced that it intends to consolidate its holdings in flat and long
steel producers (the "Newco"). The exchange of Tenaris's 12.6% equity
interest in Sidor, held through participations in Consorcio Siderurgia
Amazonia Ltd. and Ylopa - Servicos de Consultadoria Lda., will be made
at a value to be determined by an internationally recognized
investment bank which will be engaged for such purpose.
Newco will consolidate Sidor, the leading Venezuelan steel
producer, Siderar, the Argentine flat steel producer, and Hylsamex
S.A. de C.V., the Mexican manufacturer of flat and long steel
products, provided that, for the consolidation of Hylsamex, Techint
successfully concludes its acquisition of a majority shareholding in
Hylsamex pursuant to the agreement it reached today with Alfa S.A. de
C.V., the owner of 42.5% of the shares of Hylsamex.
In this way, Tenaris will exchange its current participation in
Sidor for a participation in a company which is expected to be the
leading regional steel producer in Latin America with operations in
Mexico, Argentina and Venezuela, an annual steelmaking capacity of 12
million tons and annual revenues of US$5 billion.
Tenaris is a leading global manufacturer of seamless steel pipe
products and provider of pipe handling, stocking and distribution
services to the oil and gas, energy and mechanical industries and a
leading regional supplier of welded steel pipes for gas pipelines in
South America. Domiciled in Luxembourg, it has pipe manufacturing
facilities in Argentina, Brazil, Canada, Italy, Japan, Mexico, Romania
and Venezuela and a network of customer service centers present in
over 20 countries worldwide.
CONTACT: Tenaris
Nigel Worsnop, 1-888-300-5432
www.tenaris.com