Rubis acquires full control of Delta Rubis Petrol

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bimjim
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Rubis acquires full control of Delta Rubis Petrol

Unread post by bimjim » Fri Feb 10, 2017

http://bulk-distributor.com/2017/02/rub ... is-petrol/

Rubis acquires full control of Delta Rubis Petrol
February 9, 2017

France-based international petrol, LPG, food and chemicals storage and distribution specialist Rubis has agreed to purchase the remaining 50% share of Delta Rubis Petrol from its partners to take full control of the company.

The acquisition will be completed once approval is obtained from the local competition authority.

The current partnership was formed in January 2012 to develop this 650,000 cubic metre fuel storage facility in Ceyhan on the south-east coast of Turkey.

Ownership control will ultimately provide Rubis with full autonomy to combine management and operational leverage, including the construction of an additional 120,000 cubic metre storage capacity aimed at optimising large vessels loading from the new jetty facility.

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