France-based energy company Rubis has entered agreements with Shell, regarding its whole petrol distribution network in Corsica, and Total, for part of its petrol distribution network located in the same region.
Thus represents globally a maximum of 60 retail service stations for a yearly volume of 70,000 m3.
Those agreements include the support and logistics assets. Rubis acquires from Shell and partially from Total, 35% of the company DPLC which owns the fuel tank terminals located in Ajaccio and Bastia.
Rubis will have in charge the fuel sourcing and logistics coordination in Corsica as well as the management of the terminal operations. It is agreed that all the retail sites subject to the deal will be re-branded.
This transaction is providing Rubis with a regional leadership position associated with a strong infrastructure base, in line with its strategy.
Already operating in the Caribbean region (Bermuda Islands and the French Antilles and Guyana) and the Channel Islands, this acquisition brings to 160 units the total number of sites operated by the Group with some 250,000 m3 of annual volumes, and underlines Rubis position as a niche player with a strong focus on islands locations in petrol distribution networks.