Rubis

#3481

Rank

$2.71B

MarketCap FR

FR France

Country

Summary
Rubis engages in the operation of bulk liquid storage facilities and distribution of petroleum products in Europe, Africa, and the Caribbean. The company operates in two divisions, Retail & Marketing and Support & Services, It operates terminals that provide bulk liquid storage facilities for petroleum products, chemical products, biofuels, fertilizers, molasses, edible oils, and agri-food products; and trades in and distributes fuels, liquefied gases, bitumen, fuel oil, aviation and marine fuel, and lubricants, as well as butane and propane. The company also provides infrastructure, transportation, supply, and services for supporting the development of downstream distribution and marketing business. It serves stations, private individuals, industrial professionals, public works, energy distribution professionals, supermarkets, oil companies, chemical and petrochemical companies, agricultural cooperatives, and traders, as well as services, transportation, hotel, aviation, marine, and other industries Rubis was founded in 1990 and is headquartered in Paris, France.

History

In 1990, Gilles Gobin founded Rubis Investment & Cie. In June 1992, it purchased and then merged with the investment company Penhoët to form Rubis. In April 1993 it acquired the hydrocarbons and chemicals storage company Compagnie Parisienne des Asphaltes , one of the leaders operators in the French market, which was later renamed Rubis Terminal. In August 1994, it took control of the LPG distributor Vitogaz. With the new owner, Vitogaz expanded internationally.On January 12, 1995, the company was listed on the Euronext.In October 2001, while continuing its international expansion, Rubis purchased oil-storing subsidiary Pétrofrance's Propétrol. In 2005, it purchased Shell's distributor of LPG and petroleum products in the West Indies and in French Guiana, SAGF, at a cost of 116 million euros. During the next years, it continued the acquisition of other Shell's operations in Europe, Africa and America. In October 2006, Rubis and BP formed Frangaz, a 50:50 joint venture, to distribute liquified petroleum gas fuel in France.In 2010, Rubis acquired the 50 percent of BP in Frangaz. That same year, it purchased the activities of Chevron in the Caribbean. During the next years it also acquired the downstream operations of the company in the region. On 16 November 2010, it took control of BP operations in Spain and sealed a long-term agreement with that company.In January 2012, it acquired a 50 percent stake in the Turkish company Delta Petrol. In July 2012, it announced the selling of the LPG operations in Senegal and Czech Republic. In Jamaica, Rubis acquired the assets of Shell in January 2013 ending its 90-year dominance there.


Key Team

Ms. Anne Zentar (Corp. Consolidation & Accounting Director)

Ms. Maura Tartaglia (Head of the Legal Department & Corp. Sec.)

Ms. Evelyne Peloye (Director of Communication)

Mr. Christian Cochet (Chief Exec. Officer of Rubis Energie and Rubis Support & Services)

Bruno Hayem (Chief Exec. Officer of Rubis Terminal)

Luc Jorissen (Chief Exec. Officer of Rubis Terminal BV)

Arnaud Havard (Chief Exec. Officer of Rubis Energia Portugal)


Recognition and Awards
RUBis has been awarded with several accolades and awards, including the European Energy Award, a Technology Award from the French Ministry of Ecology, and a Green Leader award from the World Energy Council.

References
Rubis
Leadership team

Mr. Jacques Riou (Managing Partner & Mang.)

Mr. Gilles Gobin (Managing Partner & Statutory Mang.)

Mr. Bruno Krief (Chief Financial Officer)

Products/ Services
Chemical, Energy, Oil and Gas
Number of Employees
1,000 - 20,000
Headquarters
Paris, Ile-de-France, France
Established
1990
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
RUI.PA
Mon Feb 26 2024
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