April 11, 2025 [Tepsa]- Tepsa Infra SAS (“Tepsa”) and Mitsui & Co Europe Ltd (“Mitsui Europe”) sign an agreement for the sale of 50% of the shares in ITC Rubis Terminal Antwerp NV (“ITC Rubis”).

ITC Rubis is a European liquid chemical storage company established in 2008 as a 50/50 joint venture between Mitsui & Co. Group and Tepsa. Operations began in 2010, and the company has since successfully expanded its business, with Tank Pit 7 expansion just recently commissioned. Following this transaction, Mitsui & Co. Group will become the sole owner of ITC Rubis.

This transaction is part of Tepsa’s evolution following its acquisition by I Squared Capital (I Squared), a leading independent global infrastructure investor. In October 2024, I Squared completed the acquisition of the remaining 55% of the shares in RT Invest SA, Tepsa becoming a fully owned I Squared portfolio company.

Our mission, ‘Sustainable Storage Solutions for everyday life’, continues to guide our future developments focusing on storage of sustainable, low-carbon products in best-inclass terminals located in the main import and trading hubs in Western Europe.

The completion of the transaction with Mitsui Europe remains subject to certain regulatory conditions precedent.

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