EG Group is a specialist fuel marketer present across Europe with 2,700 petrol gas stations generating a turnover of €6bn. The transaction will include:
- market distribution rights in Corsica, currently operating under the BP brand, through 17 distributor agreements offering Rubis the leading market position with 64 petrol gas stations.
- share transfer of 21.5% of DPLC, the company controlling the Ajaccio and Bastia depots, bringing Rubis’ holding at 75%.
- The petrol gas stations network “Go the easy way” Corsica petrol card customers will gradually shift to ViTO©, Rubis Corsica visual identity by the end of the transition period.
Rubis have stated that this acquisition is in line with their strategy to seize all opportunities to build up its positions. They anticipate the additional business, along with the expected synergies, will positively contribute to Rubis’ profitability as soon as the transaction is completed at the end of October.