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RUBIS SCA
RUBIS: following approval from the Portuguese competition authority Rubis
completes purchase of Repsol LPG distribution assets in Madeira and Azores
31-Oct-2018 / 17:35 CET/CEST
Dissemination of a French Regulatory News, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
Paris, October 31, 2018, 17:35 p.m.
After a 15-month process, Rubis has received the final approval of the
Portuguese Competition Authority to purchase from Repsol its LPG
distribution assets in the Portuguese islands of Madeira and Azores.
The purchase of the LPG piped operations in Portugal mainland was completed
in July 2017.
This acquisition enables Rubis to widen its commercial offer and to reach a
critical size in LPG distribution in Madeira and Azores.
Those operations realize an annual volume of around 13,000 tons representing
11% of total volumes sold by the Group in Portugal and generate a normalized
EBITDA of around EUR5 million.
The acquired business covers the packed, bulk and piped segments together
with the associated logistics assets.
This new acquisition is in line with Rubis' development strategy to build up
and complement its existing positions in niche markets.
Next meeting:
Third quarter revenue, 8 November 2018 (market closing)
Press Contact Analysts Contact
PUBLICIS CONSULTANTS - Aurélie RUBIS - Finance
Gabrieli Department
Tel: +33 1 4482 4833 Tel: +33 (0) 1 4417 9595
Regulatory filing PDF file
Document title: RUBIS: following approval from the Portuguese competition
authority Rubis completes purchase of Repsol LPG distribution assets in
Madeira and Azores
Document: http://n.eqs.com/c/fncls.ssp?u=LAHQGHGPMB [1]
Language: English
Company: RUBIS SCA
105, avenue Raymond-Poincaré
75116 Paris
France
Phone: +33 144 17 95 51
Fax: +33 145 01 72 49
E-mail: communication@rubis.fr
Internet: www.rubis.fr
ISIN: FR0013269123
Euronext Ticker: RUI
AMF Category: Activity of the issuer(acquisitions, sales...)
End of Announcement EQS News Service
740073 31-Oct-2018 CET/CEST
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=ab7246303239af72f210e8c0aa5cef1e&application_id=740073&site_id=vwd&application_name=news
(END) Dow Jones Newswires
October 31, 2018 12:36 ET (16:36 GMT)
