Rubis (company)

In 1990, Gilles Gobin founded Rubis Investment & Cie.[5] In June 1992, it purchased and then merged with the investment company Penhoët to form Rubis.[6][7] In April 1993 it acquired the hydrocarbons and chemicals storage company Compagnie Parisienne des Asphaltes (CPA), one of the leaders operators in the French market,[8] which was later renamed Rubis Terminal.[9] In August 1994, it took control of the LPG distributor Vitogaz.[10] With the new owner, Vitogaz expanded internationally.[9]

On January 12, 1995, the company was listed on the Euronext.[6]

In October 2001, while continuing its international expansion, Rubis purchased oil-storing subsidiary Pétrofrance's Propétrol.[11] 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.[12] During the next years, it continued the acquisition of other Shell's operations in Europe, Africa and America.[9][13] In October 2006, Rubis and BP formed Frangaz, a 50:50 joint venture, to distribute liquified petroleum gas fuel in France.[14]

In 2010, Rubis acquired the 50 percent of BP in Frangaz.[15] That same year, it purchased the activities of Chevron in the Caribbean.[16] During the next years it also acquired the downstream operations of the company in the region.[17] On 16 November 2010, it took control of BP operations in Spain and sealed a long-term agreement with that company.[18]

In January 2012, it acquired a 50 percent stake in the Turkish company Delta Petrol.[19] In July 2012, it announced the selling of the LPG operations in Senegal and Czech Republic.[20] In Jamaica, Rubis acquired the assets of Shell in January 2013 ending its 90-year dominance there.[21]

Official website