Finance
Rubis in very preliminary talks with 'industrial and financial counterparties'
Published by Global Banking and Finance Review
Posted on September 16, 2025
1 min readLast updated: January 21, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on September 16, 2025
1 min readLast updated: January 21, 2026
Rubis is in early discussions with industrial and financial partners. CVC Capital and Trafigura are reportedly interested in offers, impacting Rubis' share price.
(Reuters) -French petroleum products distributor Rubis said on Tuesday that it was in "very preliminary" talks with what it called various industrial and financial counterparties and would consider any potential options that could arise.
Rubis issued its statement after Bloomberg News reported on Friday that CVC Capital and Trafigura Group are separately considering offers for the French company.
Rubis' shares, which rose 10% following the report, were down 0.2% at 0853 GMT on Tuesday.
CVC and Trafigura on Monday declined to comment on the report.
"The company states that, following the entry of new shareholders in the first quarter of 2024 and since the Shareholders' Meeting held in June 2024, it has been in contact with various industrial and financial counterparties," Rubis said in its statement.
Soon after becoming a Rubis shareholder, Compagnie Nationale de Navigation, controlled by French businessman Patrick Molis, in June last year requested a shake-up of Rubis' supervisory board, a proposal which was rejected.
(Reporting by Jakob Van Calster; Editing by Susan Fenton)
A partnership is a business arrangement where two or more individuals share ownership and the responsibilities of managing the business. Partners typically share profits, losses, and liabilities.
Investment refers to the allocation of resources, usually money, to generate income or profit. It can involve purchasing assets like stocks, bonds, or real estate with the expectation of future returns.
Corporate strategy is a plan that outlines how a company will achieve its goals and objectives. It includes decisions on resource allocation, market positioning, and competitive advantage.
Financial services encompass a broad range of services provided by the finance industry, including banking, investment, insurance, and asset management, aimed at managing money and financial transactions.
A shareholder is an individual or entity that owns shares in a company. Shareholders have a claim on the company's assets and earnings and may receive dividends based on their ownership stake.
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