RUBIS: LPG DISTRIBUTION BUSINESS SELL-OFF IN GERMANY
August 29 2013 - 11:45AM
29 August 2013
Due to significant developments
which have taken place over the past few years, Rubis has
undertaken a strategic review of its business portfolio with the
aim of improving its competitive edge.
After being restructured,
developed and made profitable since its acquisition in 2007, the
LPG distribution business in Germany still remains marginal
relatively to the Group, with no potential for
acquisitions.
This analysis results in today's announcement of the disposal of
Vitogaz Deutschland to WESTFA Vertriebs- und Verwaltungs-GmbH which
will have no significant impact on Rubis' results.
Developments and acquisitions made
over the past few years in Switzerland, Spain and more recently in
Portugal in LPG distribution witness the Group commitment in this
business and illustrate Rubis' strategic line.
Next update:
Q3 sales revenue: November 12, 2013 (at Bourse
closing)
Press Contact
PUBLICIS CONSULTANTS - Lise
Ardhuin
Tel.: +33 (0) 1 44 82 46 95 |
Analyst Contact
RUBIS - Bruno Krief
Tel.: +33 (0)1 44 17 95 95 |
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