Rubis: sale of Rubis Terminal finalized

(CercleFinance.com) - Following the final agreement signed on April 10, Rubis reports that on October 16 it finalized the sale of its 55% stake in the Rubis Terminal joint venture (now called Tepsa) to I Squared Capital, and received a first payment of 124 million euros at closing.


Approximately 77 million will be returned to shareholders in the form of an interim dividend for 2024 of 0.75 euro per share, which will be detached on November 6 and paid on November 8. This is in addition to the annual dividend paid as part of the company's distribution policy.

'The balance of the proceeds from the sale will be allocated to accelerating the development of the company's energy distribution and renewable electricity generation activities', says the energy specialist.

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