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.'
Transforming the energy sectorSpearheading the UAE's new gas chapter IMO sulphur fuel cap: what now? An international concept in a captive market South Africa's newest energy asset Africa breathes a sigh of relief Achieving better risk prevention in Chinese terminals One gauge, double the protection Tank jacking: reviving an ageing asset Digitalisation: future-proofing terminal operations