Rubis to acquire 100% of SRPP

RUBIS has obtained the green light from the local administration to complete the acquisition of 100% of SRPP (Société Réunionnaise de Produits Pétroliers), from SHELL and TOTAL, in Reunion Island.

SRPP markets fuels, LPG and lubricants in Reunion Island. With a retail network of 51 petrol stations, SRPP is the local market leader.

The company owns and operates the main storage facility and other logistics used to supply Reunion Island. In 2014, its turnover reached € 250 million. A new decree issued in February 2014, setting local prices and margins for the petroleum industry, will allow SRPP to generate a normative EBITDA of nearly € 22 million.

Through this acquisition, RUBIS is building up its presence in the Indian Ocean (Madagascar, Comoros, southern Africa) and is extending its activities to fuel distribution with the advantage of an integrated network. 

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