THE ACQUISITION OF TEPSA

A joint venture between I Squared Capital and Rubis, to expand in Spain through the acquisition of TEPSA, a leading company in the storage of bulk liquid products.

Rubis Terminal, a joint venture between I Squared Capital, an international infrastructure fund manager, and Rubis, a French listed company specializing in the storage of petroleum products, announces the acquisition of TEPSA, a Spain-based leading bulk liquid storage operator. The agreement was signed today with a planned completion upon approval from the Spanish administrative and antitrust authorities.

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