Rubis Terminal has placed a takeover bid for the storage activity division of Petroplus Raffinage Reichstett (Bas-Rhin, France). The bid has been approved by the Strasbourg County Court on 29 January 2013, with effect from 1 February 2013.

The transaction involves the Southern part of the Reichstett site, the Port aux Pétroles terminal in Strasbourg, and the pipelines linking the two sites, with a global storage capacity of 500,000 cbm of which 368,000 cbm will be put back into service during the next three years.

With this takeover, Rubis will:
*secure the local supply,
*maintain strategic stocks in the zone. A long term agreement has been signed for this purpose with Sagess, who manage the French strategic stocks,
*relaunch the tanker loading activity for trucks serving the North and West of the Strasbourg region.

In this context, Rubis Terminal will keep on 8 staff and will invest EUR36.5M over 5 years in decontamination, dismantling, modernisation and compliance of the installations.

Rubis is already present in the Port of Strasbourg logistics complex via a chemical products terminal and SES a petroleum products storage company of which Rubis Terminal is the majority shareholder alongside other petroleum operators.

This transaction will both enlarge Rubis’ scope in the region and perpetuate its local position.