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Haiti - FLASH : The French Group Rubis, acquires DINASA and SODIGAZ in Haiti
21/02/2017 08:12:03

Haiti - FLASH : The French Group Rubis, acquires DINASA and SODIGAZ in Haiti
The French Rubis Group, specialized in the storage and distribution of petroleum products (3 billion Euros turnover in 2016) has signed an agreement to buy all the shares of "Distributeurs Nationaux S.A." (DINASA) and its subsidiary SODIGAZ, the leading distributors of fuel products in Haiti.

With 600,000 cbm distributed, DINASA, the country's leading network of gas stations (125 sites), operates under the NATIONAL brand and works in all segments of the fuel product market, with leading positions in aviation fuel, LPG, heating oil and lubricants. The company has a strategic and autonomous import logistics tool (storage, maritime access).

DINASA meets most of Rubis' investment criteria in its fuel distribution business: a leading player positioned on a niche market associated with the import logistics ownership.

Dinasa's sales volumes will increase Rubis Énergie's activity in the Caribbean zone by more than 35%, and will no doubt help leverage supply (densification of supply in the zone combined with economies of scale in shipping).

During the year ended September 30, 2016, DINASA generated EBITDA of €40.4 million.

The acquisition is scheduled to close in the second quarter of 2017.

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