Oddo BHF maintains its 'neutral' rating on Rubis shares, with a price target slightly raised from 30 to 31 euros.

The analyst reports that Rubis has entered into exclusive negotiations with US infrastructure fund I Squared Capital to sell its 55% stake in Rubis Terminal.
I Squared Capital will thus take exclusive control of the joint venture.

'For Rubis, the aim is to crystallize value and focus on its historic business of the Energy Distribution branch, while directing its investments towards Renewable Energy Production', reports the broker.

According to the analyst, this operation does not come as a major surprise, as management had already indicated that this stake in Rubis Terminal was 'not strategic in the long term'.


Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.