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Rubis doubles size in spain with purchase of total's lpg business


12 June 2008

Rubis is acquiring Totalgaz España, a company specialising in LPG distribution with a comparable scale to Vitogas España and operating in similar geographic areas.

This purchase provides a twofold benefit for Rubis, giving it twice the size and a stronger regional presence in Spain.

The acquiree operates in the expanding bulk LPG segment and the alliance of the two businesses is set to constitute more than 25,000 tonnes in annual sales.

Synergies shall be freed up both operationally and logistically, with the company acquired owning a storage depot that has a perfect scale for the business.

After Rubis's entry onto the Spanish market in 2007 via the purchase of Shell's LPG distribution subsidiary, this deal - reflecting the Group's capacity for action - significantly strengthens the local position on the most buoyant part of the market and falls clearly within the niche segment development strategy favoured by the Group

Next publication: Ordinary General Meeting 12 june 2008

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