RUBIS STRENGTHENS ITS POSITION IN PORTUGAL THROUGH THE PURCHASE OF CERTAIN LPG ASSETS FROM REPSOL
(Thomson Reuters ONE) -
Paris, July 31, 2017, 9:00 p.m.
Rubis takes over the distribution LPG assets of Repsol in the islands of Madeira
and Azores (Portugal) as well as the piped networks located in Portugal
mainland.
This acquisition enables Rubis to include a piped distribution business into its
portfolio and to reach a critical mass for its existing activities in Madeira
and Azores.
This transaction represents an additional annual volume in a range of 15 000
tons, i.e. 12% of the current volumes already locally marketed by the Group and
generates an annual EBITDA close to ?6 million.
The assets comprise packed, bulk and piped activities together with the
associated operational facilities.
For the piped networks mainland the transaction has a positive impact on Rubis'
profit since completion (July 1, 2017). The transaction regarding Madeira and
Azores will be subject to prior agreement from the Portuguese Competition
Authority.
This new acquisition illustrates the Rubis' development strategy in niche
markets to complement its existing activities.
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/2124453/810690.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: 31.07.2017 - 21:00 Uhr
Sprache: Deutsch
News-ID 554692
Anzahl Zeichen: 2179
contact information:
Town:
PARIS
Kategorie:
Business News
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