RUBIS
RUBIS: Infrastructure fund I Squared Capital and Rubis finalise their
partnership in Rubis Terminal
30-Apr-2020 / 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, April 30, 2020, 5:35 pm
Rubis, a Paris-based company specializing in the distribution of petroleum
products and bulk liquid storage and I Squared Capital, a leading global
infrastructure investor, finalised their partnership in Rubis Terminal that
was announced last January. According to this agreement, Rubis and I Squared
Capital will jointly control Rubis Terminal, holding respectively 55% and
45% of the company's shares.
With a portfolio of 13 facilities and a capacity of 3.6 million cubic meters
across four countries (France, Belgium, The Netherlands and Turkey), Rubis
Terminal provides critical bulk liquid storage infrastructure to a
diversified base of industrial customers and across a broad range of
petroleum, chemical and agri-food products.
The joint venture will accelerate Rubis Terminal's strategic plan to
strengthen its position within its current footprint, diversify its product
offerings and explore potential expansion outside Europe.
The transaction has been secured through a EUR 410 million refinancing
facility provided by a bank consortium formed by J.P. Morgan, Crédit
Agricole CIB and Société Générale. It also includes a Revolving credit
facility of EUR 75 million to secure Rubis Terminal's future organic
development.
Société Générale has acted as Rubis' advisor to set up the partnership with
I Squared Capital.
Next publication:
First-quarter revenues on May 6, 2020 (after market close)
Press Contact Analyst Contact
PUBLICIS CONSULTANTS - Aurélie RUBIS - Investor
Gabrieli Relations
Tel. +(33) 1 44 82 48 33 Tel: +(33) 1 44 17 95 95
Regulatory filing PDF file
Document title: RUBIS: Infrastructure fund I Squared Capital and Rubis
finalise their partnership in Rubis Terminal
Document: https://eqs-cockpit.com/c/fncls.ssp?u=YIHGMPKECL [1]
Language: English
Company: RUBIS
46, rue Boissière
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 RUI
Ticker:
AMF Category: Inside information / Issuer activities (acquisitions,
sales...)
EQS News ID: 1034107
End of Announcement EQS News Service
1034107 30-Apr-2020 CET/CEST
1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=94fdf11db0493a73ad2262c48860c09f&application_id=1034107&site_id=vwd&application_name=news
(END) Dow Jones Newswires
April 30, 2020 11:35 ET (15:35 GMT)
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