Rubis Terminal has purchased the Galana Group company, the leading fuel marketer in Madagascar.
The company comprises of 71 petrol stations and covers commercial fuels for the mining and utilities sector as well as LPG and lubricants. It also control's the island's sole import terminal.
The facility in Tamatave has a capacity of 260,000 m3 and has private access to a jetty.
In a statement, Rubis says that Galana fully meets its investment criteria in fuel marketing, in that it is a leading player with a 30% market share and has import logistics ownership.
Along with its business in La Réunion, this acquisition reinforces Rubis' operations in fuel distribution in the Indian Ocean.
The company says: 'This boost will no doubt help generate additional leverage through volumes combined with economies of scale in shipping.'
Storage for Mexico's new energy eraVenezuela's oil sector in tailspin A midstream first for Oman Redrawing the global oil & gas picture Regulatory update for US tank terminal operators A new leading European port Adaptable logistics for a changing market Boom time for storage in America Surviving hurricane season: preperation is key Storm preparation: flood risk and buoyancy hazards