RUBIS : AFTER BUYING OUT BP 50% STAKE RUBIS BECOMES FRANGAZ SOLE SHAREHOLDER

 

AFTER BUYING OUT BP 50% STAKE
RUBIS BECOMES FRANGAZ SOLE SHAREHOLDER

Rubis has acquired BP France's 50% stake in Frangaz, thus becoming the company's sole shareholder.

Frangaz was founded jointly by BP and RUBIS in 2006, mainly to sell own-brand gas bottles (distributor's brands) in hypermarkets and supermarkets, a booming segment.

Today, INTERMARCHE, followed by CASINO, two leading supermarket chains in France rely on Frangaz to supply own-brand bottles to their customers, with attractive packaging and at competitive prices.

In 2009, Frangaz sales volumes rose by 60% compared with 2008, via a network of more than 1,600 points of sales.

By upping its stake in Frangaz, Rubis is thus strengthening its partnership with hypermarkets and supermarkets, who are already working with the Group in LPG fuel distribution, a segment that has seen rapid growth since year-end 2009.

Next update: annual results on 10 March 2010 (at market closing)

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