I Squared Capital to Acquire Rubis SCA Stake
04.16.2024 By Tank Terminals - NEWS

April 16, 2024 [Tank Storage]- Rubis SCA has announced that it has entered into exclusive negotiations with I Squared Capital to acquire its 55% stake in RT Invest. If Rubis and ISQ reach an agreement, the contemplated transaction remains subject to the information and consultation process of the relevant employee representative bodies in accordance with applicable laws, as well as customary regulatory approvals.


Rubis Terminal is one of the leading players in Europe in the bulk liquid storage sector. If the agreement goes through, with the strong support from I Squared Capital, we will further our commitment to the energy transition and enhance our capacity to pursue ambitious projects. Our mission, ‘Sustainable Storage Solutions for everyday life’ will continue to guide our future decisions.

‘With facilities at the heart of some of the most important trading hubs in Europe, Rubis Terminal plays a critical role in supporting the energy transition and ensuring security of supply. This transaction underscores I Squared’s confidence in Rubis Terminal’s transition strategy and our commitment to its continued growth,’ says Mohamed El Gazzar, senior partner, I Squared Capital.

‘We’re grateful to Rubis’ pivotal role in shaping our corporate identity, nurturing our entrepreneurial culture, and propelling our success thus far. The four years that have elapsed since I Squared Capital acquired an equity stake in Rubis Terminal have allowed us to implement a strategy of diversification and geographic expansion. We’re confident and enthusiastic that this move will further accelerate our ambitious energy transition projects, advancing our mission of sustainable storage for everyday life,’ adds Bruno Hayem, CEO RT Invest.

For Rubis, this sale is the opportunity to crystalise the value generated. It is neatly aligned with the Group’s strategy implemented since 2021 to increase its returns by developing its Energy Distribution business while focusing its investments on Renewable Energy Production.


Free Trial: Access 13,300 Tank Terminal and Production Facilities

13,300 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

JSW Infrastructure Eyes Plans for Green Hydrogen, Ammonia Plants at Its Ports
07.22.2024 - NEWS
July 22, 2024 [Microsoft Start]- JSW Infrastructure Ltd, India’s second-largest port operator, ... Read More
Standic Announce Successful Completion of The Second Phase of Their Terminal in Antwerp
07.22.2024 - NEWS
July 22, 2024 [Storage Terminals Magazine]- Standic, a leading terminal operator, is delighted to... Read More
NFE Launches Altamira LNG Production
07.22.2024 - NEWS
July 22, 2024 [LNG Prime]- US LNG firm New Fortress Energy has started producing liquefied natura... Read More
ExxonMobil Selling Malaysia Oil and Gas Assets to Petronas, Sources Say
07.22.2024 - NEWS
July 22, 2024 [Reuters]- Exxon Mobil Corp has agreed to sell its Malaysian oil and gas assets to ... Read More