Rubis (company)

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This article is about the storage and distribution company. For the French ship series, see French ship Rubis. For the two-stage rocket, see Rubis (rocket).
Rubis SCA
Euronext: RUI
CAC Mid 60 Component
IndustryStorage and distribution
Founded1990 (1990)
FounderGilles Gobin
Headquarters
Paris
,
France[1]
Area served
Worldwide
Key people
Gilles Gobin
(Chairman)
Revenue€2.12 billion (2011)[2]
€122.0 million (2011)[2]
€75.90 million (2011)[2]
Total assets€1.76 billion (2011)[2]
Total equity€838.9 million (2011)[2]
Websitewww.rubis.fr

Rubis is a France-based international company specialized in the storage, distribution and sale of

French Antilles-Guiana, Senegal the Channel Islands and Kenya.[3] The company's business are carried on by a number of subsidiaries, including Coparef, Rubis Terminal, Vitogaz, Kelsey Gas Ltd, Lasfargaz, La Collette Terminal, among others.[1][4]

History

In 1990, Gilles Gobin founded Rubis Investment & Cie.[5] In June 1992, it purchased and then merged with the investment company Penhoët to form Rubis.[6][7] In April 1993 it acquired the hydrocarbons and chemicals storage company Compagnie Parisienne des Asphaltes (CPA), one of the leaders operators in the French market,[8] which was later renamed Rubis Terminal.[9] In August 1994, it took control of the LPG distributor Vitogaz.[10] With the new owner, Vitogaz expanded internationally.[9]

On January 12, 1995, the company was listed on the Euronext.[6]

In October 2001, while continuing its international expansion, Rubis purchased oil-storing subsidiary Pétrofrance's Propétrol.

Shell's distributor of LPG and petroleum products in the West Indies and in French Guiana, SAGF, at a cost of 116 million euros.[12] During the next years, it continued the acquisition of other Shell's operations in Europe, Africa and America.[9][13] In October 2006, Rubis and BP formed Frangaz, a 50:50 joint venture, to distribute liquified petroleum gas fuel in France.[14]

In 2010, Rubis acquired the 50 percent of BP in Frangaz.[15] That same year, it purchased the activities of Chevron in the Caribbean.[16] During the next years it also acquired the downstream operations of the company in the region.[17] On 16 November 2010, it took control of BP operations in Spain and sealed a long-term agreement with that company.[18]

In January 2012, it acquired a 50 percent stake in the

Shell in January 2013 ending its 90-year dominance there.[21]

Divisions

Rubis Terminal

It centers on industrial liquid storage activities for international clients. It includes petroleum, chemicals and food products.[1][4]

Rubis Energie

It specializes in the distribution of petroleum products, mainly LPG. They are sold as bottled gas or in bulk under the Vitogaz brand.[1][4]

References

  1. ^
    BusinessWeek. Archived from the original
    on January 19, 2013. Retrieved 7 September 2012.
  2. ^ a b c d e "2011 Consolidated financial stataments" (PDF). Rubis. Retrieved 6 September 2012.
  3. ^ Victor Juma (14 October 2020). "Rubis saves KSh1.2 billion in Gulf Energy buyout". Business Daily Africa. Nairobi. Retrieved 14 October 2020.
  4. ^ a b c "Profile: Rubis SCA". reuters.com. Reuters. Retrieved 7 September 2012.
  5. ^ "Profile: Gilles Gobin". uk.reuters.com. Reuters. Archived from the original on 4 March 2016. Retrieved 7 September 2012.
  6. ^ a b "Rubis". Listofcompanies.in. Retrieved 7 September 2012.
  7. ^ "Rubis & Cie, un hussard de la cote" [Rubis et Cie, a hussar of the cosat]. Les Echos n° 16380 (in French). Les Echos. 30 June 1992. Retrieved 6 September 2012.
  8. ^ "Rubis et Cie reprend la Compagnie Parisienne des Asphaltes" [Rubis et Cie took over the Compagnie Parisienne des Asphaltes]. Les Echos n° 16169 (in French). Les Echos. 28 April 1993. Retrieved 6 September 2012.
  9. ^ a b c "History". Rubis. Retrieved 7 September 2012.
  10. ^ "Rubis & Cie prend 66 % de Vitogaz" [Rubis et Cie purchased a 66 percent stake in Vitogaz]. Les Echos n° 16700 (in French). Les Echos. 3 August 1994. Retrieved 6 September 2012.
  11. ^ "Stockage pétrolier: Rubis achète Propétrol, filiale de Pétrofrance" [Oil storage: Rubis purchases Propetrol, a subsidiary of Petrofrance]. Les Echos n° 18514 (in French). Les Echos. 22 October 2001. Retrieved 6 September 2012.
  12. ^ "Rubis agrees to buy Royal Dutch Shell's SAGF for 116 mln eur". Press Release. The Daily Telegraph. Retrieved 7 September 2012.
  13. ^ "Rubis Acquires Shell's Liquefied Petroleum Gas Businesses in Southern Africa". reuters.com. Reuters. 18 October 2010. Retrieved 7 September 2012.[dead link]
  14. ^ "Rubis, BP form joint venture to distribute LPG fuel in France". Iii.co.uk. 20 October 2006. Retrieved 7 September 2012.
  15. ^ "RUBIS : AFTER BUYING OUT BP 50% STAKE RUBIS BECOMES FRANGAZ SOLE SHAREHOLDER". Cws.huginonline.com. Retrieved 7 September 2012.
  16. ^ "Rubis Acquires Chevron's Fuel Distribution Businesses For $ 300 Million". reuters.com. Reuters. 19 November 2010. Retrieved 7 September 2012.[dead link]
  17. ^ "Chevron finales sale of Caribbean assets". Caribbean360.com. 3 May 2012. Retrieved 7 September 2012.
  18. ^ "Rubis Acquires BP's LPG Business; Signs Long-Term Agreement with BP plc". reuters.com. Reuters. 16 November 2010. Retrieved 7 September 2012.[dead link]
  19. ^ "Rubis SCA Purchases Stake in Delta Petrol". reuters.com. Reuters. 19 January 2012. Archived from the original on 1 February 2013. Retrieved 7 September 2012.
  20. ^ "Distribution Business Sell-off in Czech Republic and Senegal". reuters.com. Reuters. 2 July 2012. Archived from the original on 28 April 2014. Retrieved 7 September 2012.
  21. ^ "RUBiS displaying its true colours - Auto - JamaicaObserver.com". Archived from the original on 2014-04-28. Retrieved 2014-04-28.

External links

Official website

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