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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Rubis | EU:RUI | Euronext | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.12 | -0.43% | 27.96 | 27.80 | 28.00 | 28.04 | 27.72 | 28.02 | 59,263 | 16:40:00 |
30 January 2013
Rubis Terminal (a 100% affiliate of Rubis) has placed a takeover bid for the storage activity division of Petroplus Raffinage Reichstett (Bas-Rhin, France). The bid has been approved by the Strasbourg County Court on 29 January 2013, with effect from 1 February 2013.
The transaction involves the Southern part of the Reichstett site, the Port aux Pétroles terminal in Strasbourg, and the pipelines linking the two sites, with a global storage capacity of 500,000 cbm of which 368,000 cbm will be put back into service during the next three years.
With this takeover, we will:
In this context, Rubis Terminal will keep on 8 staff and will invest €36.5M over 5 years in decontamination, dismantling, modernisation and compliance of the installations.
Rubis is already present in the Port of Strasbourg logistics complex via a chemical products terminal and SES a petroleum products storage company of which Rubis Terminal is the majority shareholder alongside other petroleum operators.
This transaction will both enlarge Rubis' scope in the region and perpetuate its local position.
Next update:
Fourth quarter 2012 sales revenue: February 11, 2013 (at Bourse closing)
Press Contact PUBLICIS CONSULTANTS - Lise Ardhuin Tel.: +33 (0) 1 44 82 46 95 | Analyst Contact RUBIS - Bruno Krief Tel.: +33 (0)1 44 17 95 95 |
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