RUBIS: following approval from the Portuguese competition authority Rubis completes purchase of Repsol LPG distribution assets in Madeira and Azores
October 31, 2018 at 12:40 pm EDT
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RUBIS SCA
RUBIS: following approval from the Portuguese competition authority Rubis completes purchase of Repsol LPG distribution assets in Madeira and Azores
31-Oct-2018 / 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, October 31, 2018, 17:35p.m.
After a 15-month process, Rubis has received the final approval of the Portuguese Competition Authorityto purchase from Repsol its LPG distribution assets in the Portuguese islands of Madeira and Azores.
The purchase of the LPG piped operations in Portugal mainland was completed in July 2017.
This acquisition enables Rubisto widen its commercial offer and to reach acritical size in LPG distribution in Madeira and Azores.
Those operations realize anannual volume of around 13,000 tons representing 11% of total volumes sold by the Group in Portugal and generate a normalized EBITDA of around EUR5 million.
The acquired business covers the packed, bulk and piped segments together with the associated logistics assets.
This new acquisition is in line with Rubis' development strategy to build up and complement its existing positions in niche markets.
Next meeting:
Third quarter revenue, 8 November 2018 (market closing)
Press Contact
Analysts Contact
PUBLICIS CONSULTANTS - Aurélie Gabrieli
RUBIS - Finance Department
Tel: +33 1 4482 4833
Tel: +33 (0) 1 4417 9595
Regulatory filing PDF file
Document title: RUBIS: following approval from the Portuguese competition authority Rubis completes purchase of Repsol LPG distribution assets in Madeira and Azores Document: http://n.eqs.com/c/fncls.ssp?u=LAHQGHGPMB
Rubis is an independent French group, operating in the energy sector for over 30 years. The activity is organized around 3 poles:
- Rubis Energie is established in Africa, the Caribbean and Europe and combines the Distribution activity and logistics in support of the Distribution activity via its Support & Services branch. The main products marketed are liquefied gases, fuels and biofuels for service stations and professionals (hotels, aviation, marine, public works, etc.) as well as bitumen;
- Rubis Renouvelables: a division created in 2022 and bringing together the activities of Photosol in France (one of the French independent leaders in large-scale photovoltaic installations as well as shading and roofing for professionals) and the partnership with HDF Energy on islands or in non-interconnected areas;
- JV Rubis Terminal specializes in the storage and handling of liquid and liquefied bulk products (fuels, biofuels, chemicals and foodstuffs) in Europe.
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