To Cut Its Debt, TMK Considers Selling Foreign Assets

08/19/2016 - Tubemaker TMK might sell some of its assets as it looks to pare US$2.5 billion in net debt, reports the Reuters news service.

"We may consider selling assets, except flagship Russian ones, but are planning to remain a global company," Vladimir Shmatovich, TMK’s vice president for strategy and business development, told Reuters.

Aside from Russia, TMK has assets the U.S., Canada, Romania, Kazakhstan, and Oman, according to Reuters.