Rubis completes the purchase of a 35.5% stake in the french antilles refinery (sara)

06|04|2015

 June 4, 2015

 

Following September 22, 2014 press announcement and the Competition Authority's release on May 13, 2015, approving subject to conditions the transaction, Rubis is completing today the acquisition of 35.5% of SARA shares from Total.

SARA, which operates in a government regulated price system, remains the main refining and fuel logistical asset in this geographical area, where Rubis is already present in fuel supply including LPG, jet fuels, bitumens and lubricants.

Rubis, already a SARA's 35.5% shareholder, increases its stake to 71%. This acquisition strengthens Rubis' position in both the French Antilles and Guiana while increasing complementarity with its logistical operations in the whole Caribbean region where Rubis is already active.

                        

Upcoming events:

Ordinary and Extraordinary Shareholders' Meeting on June 5, 2015

Half-year results on August 31, 2015 (after market)