(AOF) – Rubis announces that the exclusive negotiations opened with I Squared Capital concerning the sale of its 55% stake in the Rubis Terminal JV have resulted in a definitive agreement under the financial conditions announced on March 13. This agreement follows consultation with staff representative bodies and the delivery of a favorable opinion by the Rubis Terminal social and economic committee. The transaction remains subject to customary regulatory approvals, including those from competition authorities and foreign investment committees.
The transaction is scheduled to close in mid-2024.
“The net sale price for the 55% share held by Rubis would amount to 375 million euros paid in the form of a payment of 125 million euros at the closing of the operation, followed by three payments of identical amount over the following three years,” Rubis indicated on March 13.
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