Rubis: lpg in southern africa: easigas (rubis’ group) and reatile group to merge their lpg operations
September 11, 2015 Easigas (Pty) Ltd (“Easigas”) and Reatile Gaz (Pty) Ltd (“Reatile Gaz”) have signed an agreement to merge their respective Southern African LPG operations. Easigas is a wholly owned subsidiary of the Rubis Group (France) with operations in South Africa, Botswana, Lesotho and Swaziland. Reatile Gaz, having LPG operations in South Africa and […]
Rubis: excellent performance – net income: +54%
August 31, 2015 Rubis’ Supervisory Board, which met on August 31, has approved the financial statements for the six months to June 30, 2015. The first half of 2015 was characterized by robust growth of 18% in total business volume (+7% at constant scope). This growth enabled the Group to post a record net […]
Rubis completes acquisition of srpp(reunion island)
July 31, 2015 Following the announcement made on February 5, RUBIS has obtained green light from administrative body to complete the acquisition of 100% of SRPP (Société Réunionnaise de Produits Pétroliers), from SHELL and TOTAL. SRPP markets fuels, LPG and lubricants in Reunion Island. With a retail network of 51 petrol stations, SRPP is the […]
Rubis completes the purchase of a 35.5% stake in the french antilles refinery (sara)
June 4, 2015 Following September 22, 2014 press announcement and the Competition Authority’s release on May 13, 2015, approving subject to conditions the transaction, Rubis is completing today the acquisition of 35.5% of SARA shares from Total. SARA, which operates in a government regulated price system, remains the main refining and fuel logistical asset […]
Rubis completes eres acquisition
June 2, 2015 Following March 23 press announcement, Rubis is completing today the acquisition of Eres. Eres is one of the main independent specialists in supply-transportation-logistic-retail of bitumen, operating in Western Africa. With the support of a strong logistic infrastructure including import terminals in Senegal, Togo, and Nigeria, the Group is leader in the […]
Rubis: first quarter revenue 634m – good start to the year, with volume growth of 18%
May 12, 2015 The Group’s two business segments both performed well in the first quarter of 2015, with a composite indicator putting volume growth at 18% across retail distribution at Rubis Énergie and storage revenues at Rubis Terminal (all terminals). Adjusted for changes in scope of consolidation, growth reaches 8%. Consolidated revenue totaled €634 million […]
Rubis: robust business volume growth in fourth quarter: +14% – full-year 2014 revenue: +1%
February 10, 2015 The Group’s two business segments both performed well in the fourth quarter, with growth of 14% across retail distribution volumes at Rubis Énergie and storage revenues at Rubis Terminal (all terminals). Consolidated revenue totaled €712 million (+5%), factoring in the effect of the fall in prices of petroleum products, unfavorable weather […]
Rubis in exclusive negotiation with Shell and Total to acquire SRPP their joint fuel storage and distribution business in La Réunion
February 5, 2015 RUBIS has made an irrevocable offer to the SHELL Group and the TOTAL Group, each 50% shareholder of the SRPP (Société Réunionnaise de Produits Pétroliers), to purchase the entire share capital of this company. In reply to this offer, SHELL and TOTAL have accepted to open an exclusive period of negotiation. […]
Rubis in exclusive talks to purchase total holding in french antilles refinery (sara)
September 22, 2014 Rubis has remitted to Total an irrevocable offer to purchase its 50% holding in SARA, a refinery based in Martinique supplying the French Antilles and Guiana. Depending on final regulatory approval and third party shareholder preemptive right, Rubis, already a 35.5% shareholder in SARA, could ultimately increase its ownership to between 71% […]
Rubis takes over total lpg distribution business in switzerland
July 23, 2014 Through its affiliate Vitogaz Switzerland, RUBIS takes over the local TOTAL LPG distribution business. This transaction will thus help Rubis to build up its already well-established presence in cylinders, a high value added market segment, and densifies its position in the growing bulk segment. Acquired assets consist of a pool of LPG […]