RUBIS TAKES OVER THE STORAGE FACILITIES OF PETROPLUS RAFFINAGE REICHSTETT
January 30 2013 - 10:46AM
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:
-
secure the local supply,
-
maintain strategic stocks in the zone. A long
term agreement has been signed for this purpose with Sagess, who
manage the French strategic stocks,
-
relaunch the tanker loading activity for trucks
serving the North and West of the Strasbourg region.
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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