RUBIS
RUBIS: Infrastructure fund I Squared Capital and Rubis finalise their partnership in Rubis Terminal

30-Apr-2020 / 17:35 CET/CEST
Dissemination of a French Regulatory News, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


 

Paris, April 30,2020, 5:35pm

 

 

Rubis, a Paris-based company specializing in the distribution of petroleum products and bulk liquid storage and ISquared Capital, a leading global infrastructure investor, finalisedtheir partnership inRubis Terminal that wasannouncedlastJanuary. According to this agreement,Rubis andI Squared Capitalwilljointly control Rubis Terminal,holding respectively 55%and 45% of thecompany'sshares.

With a portfolio of 13 facilities and a capacity of 3.6 million cubic meters across four countries (France, Belgium, The Netherlands and Turkey), Rubis Terminal provides critical bulkliquid storage infrastructure to a diversified base of industrial customers and across a broad range of petroleum, chemical and agri-food products.

The joint venture will accelerate Rubis Terminal's strategic plan to strengthen its position within its current footprint, diversify its product offerings and explore potential expansion outside Europe.

The transactionhas been secured through a ?410 million refinancingfacility providedby a bank consortiumformed byJ.P. Morgan, Crédit Agricole CIB and Société Générale.It also includes a Revolving credit facility of?75millionto secure Rubis Terminal'sfutureorganicdevelopment.

Société Générale has acted as Rubis' advisor to set up the partnership with I Squared Capital. 

Next publication:

First-quarter revenues on May 6, 2020 (after market close)

 

 

  

 

Press Contact

Analyst Contact

PUBLICIS CONSULTANTS - Aurélie Gabrieli

RUBIS - Investor Relations

Tel. +(33) 1 44 82 48 33

Tel: +(33) 1 44 17 95 95

 


Regulatory filing PDF file

Document title: RUBIS: Infrastructure fund I Squared Capital and Rubis finalise their partnership in Rubis Terminal
Document: https://eqs-cockpit.com/c/fncls.ssp?u=YIHGMPKECL


Language: English
Company: RUBIS
46, rue Boissière
75116 Paris
France
Phone: +33 144 17 95 51
Fax: +33 145 01 72 49
E-mail: communication@rubis.fr
Internet: www.rubis.fr
ISIN: FR0013269123
Euronext Ticker: RUI
AMF Category: Inside information / Issuer activities (acquisitions, sales...)
EQS News ID: 1034107
 
End of Announcement EQS News Service

1034107  30-Apr-2020 CET/CEST

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