Rubis : First acquisition of the new JV in the storage business
>Acquisition of TEPSA in Spain for >€ 300m - 30% increase in the size of Rubis Terminal - Rubis announced yesterday evening the acquisition of TEPSA, a company generating € 52m of sales in the storage of liquid products in Spain (four warehouses with a capacity of 912k m3 dedicated to oil, chemical and biofuel products).The acquisition of TEPSA (closing scheduled for the end of September) has been carried out via the new Rubis Terminal joint venture jointly contr...Rubis is a holding company based in France. Co., through its subsidiaries, is engaged in the bulk import, production or distribution process, and storage of petroleum products in Europe, the Caribbean, and Africa. Co. operates bulk liquid storage facilities for petroleum products, chemicals, fertilizers, edible oils and molasses, and foodstuffs, as well as distributes butane, propane, and petroleum products in wholesale and retail. Co.'s customers primarily include hypermarkets and supermarkets; oil companies; chemists; and traders and intermediaries of fuel, oil or gas, manures, and other liquids.
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