RUBIS PURCHASES THE LEADING FUEL MARKETER IN MADAGASCAR
(Thomson Reuters ONE) -
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 1(st), 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:
http://hugin.info/143569/R/2121742/808540.pdf
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Source: RUBIS via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 20.07.2017 - 17:35 Uhr
Sprache: Deutsch
News-ID 553248
Anzahl Zeichen: 2314
contact information:
Town:
PARIS
Kategorie:
Business News
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