PRESS RELEASE — Paris, March 13, 2024

I Squared Capital Enters into Exclusive Negotiations with Rubis SCA to Acquire Remaining Stake in Rubis Terminal

This morning, Rubis SCA announced that it has entered into exclusive negotiations with I Squared Capital to acquire its 55% stake in RT Invest. If Rubis and ISQ reach an agreement, the contemplated transaction remains subject to the information and consultation process of the relevant employee representative bodies in accordance with applicable laws, as well as customary regulatory approvals. 

Rubis Terminal is one of the leading players in Europe in the bulk liquid storage sector. If the agreement goes through, with the strong support from I Squared Capital, we will further our commitment to the energy transition and enhance our capacity to pursue ambitious projects. Our mission, ‘Sustainable Storage Solutions for everyday life’ will continue to guide our future decisions

“With facilities at the heart of some of the most important trading hubs in Europe, Rubis Terminal plays a critical role in supporting the energy transition and ensuring security of supply. This transaction underscores I Squared’s confidence in Rubis Terminal’s transition strategy and our commitment to its continued growth.”

– Mohamed El Gazzar, Senior Partner, I Squared Capital

“We’re grateful to Rubis’ pivotal role in shaping our corporate identity, nurturing our entrepreneurial culture, and propelling our success thus far. The 4 years that have elapsed since I Squared Capital acquired an equity stake in Rubis Terminal have allowed us to implement a strategy of diversification and geographic expansion. We’re confident and enthusiastic that this move will further accelerate our ambitious energy transition projects, advancing our mission of sustainable storage for everyday life.”

– Bruno Hayem, CEO RT Invest

For Rubis, this sale is the opportunity to crystalize the value generated. It is neatly aligned with the Group’s strategy implemented since 2021 to increase its returns by developing its Energy Distribution business while focusing its investments on Renewable Energy Production.

-Rubis SCA


Rubis Terminal
Mya Thomas, Communications Manager