6909 search
Rubis et Cie SA
Paris RUI.PA 22,96 €UR 2,04%
Logo

RUBIS PURCHASES THE LEADING FUEL MARKETER IN MADAGASCAR

Publié le 20 juillet 2017

Paris, July 20, 2017, 5.35 p.m.

 
Rubis has completed this day the acquisition of Galana Group companies in Madagascar, the country`s leading fuel marketer.

With 260,000 cbm of fuel retailed in 2016, Galana is present on the main fuel market segments: petrol station network strong of 71 units, commercial fuels including mining and utilities sector, LPG and lubricants. Supporting its operations, Galana controls the island`s sole import terminal.

This strategic asset located in Tamatave has a storage capacity of 260 000 cbm and benefits from a private access to the jetty.

Galana fully meets Rubis` investment criteria in fuel marketing: a leading player (30% market share) along with the import logistic ownership.

Together with its current business in La Réunion (SRPP - 240 000 cbm) this acquisition reinforces Rubis` operations in the Indian Ocean in fuel distribution. This boost will no doubt help generate additional leverage through volumes combined with economies of scale in shipping.

During the year ended 2016, Galana has posted a turnover of USD 215 million.

This acquisition is effective immediately contributing to Rubis` consolidation scope from July 1st, 2017.

Next event:

2017 half-year results on September 7, 2017 (Market closing)

Press Contact Analysts Contact
PUBLICIS CONSULTANTS - Aurélie Gabrieli RUBIS - Finance Department
Tel: +33 1 4482 4833 Tel: +33 (0) 1 4417 9595

Download


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: RUBIS via GlobeNewswire

HUG#2121742

Les autres articles de la compagnie
Aurubis sticks with guidance as Q2 beats consensus
UPDATE 1-Aurubis to expand from copper into other non-ferrou
Aurubis to expand from copper into other non-ferrous metals
UPDATE 1-Aurubis Q1 operating profit halves but beats expect
Aurubis confirms outlook after Q1 oper profit beats expectat
Dans la même rubrique
China stocks steady, tech shares follow US lead higher
20/07/17 04:19
Sri Lankan shares fall to 1-mth low; Chevron Lubricants lead
19/07/17 14:22
Indian shares close higher; Aurobindo Pharma leads
19/07/17 12:00
China's securities regulator pledges to follow new financial
19/07/17 03:31
UPDATE 1-Iran's Zarif hopes Yemen war does not lead to Iran,
18/07/17 02:10
UPDATE 1-London forex traders plead not guilty to U.S. riggi
17/07/17 21:16
Articles en illimité et contenus premium Je m'abonne
Editoriaux
et Nouvelles
Actions
Minières
Or et
Argent
Marchés La Cote
search 6909
search