On 10 January 2023 Rubis Terminal, a joint venture between I Squared Capital and Rubis SCA, finalised the sale of CPA SAS, a 100% subsidiary of Rubis Terminal SA in France, to Dyneff.
CPA is a reference player in the wholesale distribution of refined petroleum products, including diesel, heating oil and off-road diesel, to professionals, carriers, and retail distributors in the French market. CPA has delivered more than 200 000 m3 to its clients in 2022, out of Rouen, Brest, Dunkirk and Vatry terminals. With the support of its new shareholder Dyneff, a supplier of energy & services in France & Spain, CPA will continue its development.
The divestment of CPA to a leading wholesaler and distributor of energy such as Dyneff is in line with Rubis Terminal’s development strategy, to focus on storage of sustainable, low-carbon products (chemicals and biofuels) in best-in-class terminals located in the main import and trading hubs in Western Europe.