RUBIS
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)
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