Jan 3 (Reuters) - Tenaris SA TENR.MI :
* SAID ON THURSDAY CO HAS COMPLETED ACQUISITION OF IPSCO TUBULARS FROM PAO TMK
* FINAL PRICE OF ACQUISITION IS USD 1.07 BLN
* PRICE INCLUDES ABOUT USD 220 MLN IN WORKING CAPITAL
* TENARIS WILL CONSOLIDATE IPSCO'S BALANCE SHEET IN ITS FINANCIAL STATEMENTS STARTING FROM Q1 2020
* FOLLOWING CLOSING OF TRANSACTION, PARTIES ENTERED 6-YEAR MASTER DISTRIBUTION AGREEMENT
* ACCORDING TO DISTRIBUTION AGREEMENT CO WILL BE EXCLUSIVE DISTRIBUTOR OF TMK'S OCTG AND LINE PIPE PRODUCTS IN THE U.S AND CANADA AS OF JAN. 2, 2020