RUBIS TO ACQUIRE THE LEADER IN THE DISTRIBUTION OF FUEL PRODUCTS IN HAITI
(Thomson Reuters ONE) -
Paris, February 20, 2017, 17.35 p.m.
Rubis has signed an agreement to buy all the shares of Dinasa and its subsidiary
Sodigaz, the leading distributors of fuel products in Haiti.
With 600,000 cbm distributed, Dinasa, the country's leading network of gas
stations (125 sites), operates under the NATIONAL brand and works in all
segments of the fuel product market, with leading positions in aviation fuel,
LPG, heating oil and lubricants. The company has a strategic and autonomous
import logistics tool (storage, maritime access).
Dinasa meets most of Rubis' investment criteria in its fuel distribution
business: a leading player positioned on a niche market associated with the
import logistics ownership.
Dinasa's sales volumes will increase Rubis Énergie's activity in the Caribbean
zone by more than 35%, and will no doubt help leverage supply (densification of
supply in the zone combined with economies of scale in shipping).
During the year ended September 30, 2016, Dinasa generated EBITDA of ?40.4
million.
The acquisition is scheduled to close in the second quarter of 2017.
Next event:
2016 Annual results on March 13, 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:
http://hugin.info/143569/R/2080124/783242.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq 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
Unternehmensinformation / Kurzprofil:
Datum: 20.02.2017 - 17:35 Uhr
Sprache: Deutsch
News-ID 525236
Anzahl Zeichen: 2219
contact information:
Town:
PARIS
Kategorie:
Business News
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