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Rubis antilles guyane development in aviation fuel business



Rubis Antilles Guyane development in Aviation fuel business

Rubis has signed an agreement with Shell in view of acquiring the aviation fueling logistics located on the French Antilles and Guyana airports. This move ideally complements Rubis' fuel distribution business in this area where it is present since 2005 (retail stations network , LPG, fuels, lubricants and bitumens).

This acquisition takes the form of the purchase of 25% of the joint-venture shares and the related aviation refueling assets located on the Cayenne, Fort-de-France and Pointe-à-Pitre airports : fuel storages, handling and delivery equipments.

This acquisition is subject to regulatory approvals and agreements.

Synergies will be operated with the just acquired business located in the Channel Islands (insurance coverage).

All in all, Rubis builds up its presence in a business segment which is highly demanding in terms of service, safety and reliability.

Next publication = August 7, 2008 - Second Quarter Turnover

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RUBIS - Bruno Krief
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