Rubis to acquire leader in distribution of fuel in Haiti

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bimjim
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Rubis to acquire leader in distribution of fuel in Haiti

Unread post by bimjim » Mon Feb 20, 2017

https://www.centralcharts.com/en/5067-r ... s-in-haiti

Rubis to acquire the leader in the distribution of fuel products in Haiti
Paris, February 20, 2017

Rubis has signed an agreement to buy all the shares of Dinasa and its subsidiary Sodigaz, the leading distributors of fuel products in Haiti.

With 600,000 cbm distributed, Dinasa, the country's leading network of gas stations (125 sites), operates under the NATIONAL brand and works in all segments of the fuel product market, with leading positions in aviation fuel, LPG, heating oil and lubricants. The company has a strategic and autonomous import logistics tool (storage, maritime access).

Dinasa meets most of Rubis' investment criteria in its fuel distribution business: a leading player positioned on a niche market associated with the import logistics ownership.

Dinasa's sales volumes will increase Rubis Énergie's activity in the Caribbean zone by more than 35%, and will no doubt help leverage supply (densification of supply in the zone combined with economies of scale in shipping).

During the year ended September 30, 2016, Dinasa generated EBITDA of €40.4 million.

The acquisition is scheduled to close in the second quarter of 2017.

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