RUBIS in negotiation with Shell for the acquisition of its downstream business in French Antilles and French Guyana

abarrelfullabarrelfull wrote on 30 Sep 2014 10:57
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Shell has received from RUBIS an offer for the acquisition of its downstream business in French Antilles and French Guyana. This offer includes Shell's 24% stake in the SARA refinery in Martinique and the principle of a Trade Mark License Agreement for the use of the Shell brand in the retail network. In answer to this offer, SHELL has accepted to start an exclusive negotiation period.

The considered scope represents a turnover of approx. 200M€ and a normalised net result of 11 M€.

The completion of this acquisition is in particular subject to staff councils consultation process, to shareholders approval as well as approval by the relevant administrative authorities.

For RUBIS, this acquisition would represent a strengthening of its LPG distribution with sales of 20000 tons. This would also represent a broadening of its positions in logistics and downstream oil; in particular through a network of 54 service stations. This would, at last, represent a solid growth platform for RUBIS in the Caribbean.


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