Rubis in exclusive talks with Total to purchase its 50% holding in SARA, a refinery based in Martinique supplying the French Antilles and Guiana
- Depending on final regulatory approval and third party shareholder preemptive right, Rubis, already a 35.5% shareholder in SARA, could ultimately increase its ownership to between 71% and 85.5%.
- SARA which operates in a Government regulated price system remains the main refining and fuel logistic asset in this geographical area, where Rubis is already present in fuels supply including LPG, jetfuel, bitumens and lubricants.
- This acquisition should build up Rubis' position in both the French Antilles and Guiana and beyond in the enlarged Caribbean region where Rubis is already active.
- In continuity, Rubis is committed to invest in this performing industrial asset and maintain high requirements in term of excellence and know how.