Rubis Energy: List of Shareholders And Percentage of Their Ownership

2
155719
Rubis Energy: List of Shareholders And Percentage of Their Ownership
Rubis Energy is the leading oil company in Kenya Photo/Facebook

Rubis Energy’s ownership was brought into question following the acute fuel shortage experienced in the country. This was after President-elect William Ruto claimed that a number of powerful individuals in the country have interests in the petroleum sector thus creating an artificial shortage.

Following Ruto’s sentiments, reports emerged linking Rubis to the family of outgoing President Uhuru Kenyatta, claims that have never been substantiated.

Rubis is the leading petroleum companies in Kenya following its acquisition of Kenol Kobil in 2019 in a Ksh36 billion takeover.

DON'T MISS: Stay informed with the latest news and interact with us on Instagram.

For the avoidance of doubt, WoK profiles the list of shareholders at the company which has since expanded into the Eastern, Central, and Southern Africa markets.

Shareholders

A spot-check on the company’s website indicates that the company is owned by a number of shareholders both international and local.

According to the company website, as of 2020, 85.74 per cent of Rubis was owned by investors in a free float, Supervisory board (0.13 %) General Partner managers (2.21%), Marcel Dessault (5.45%), Wellington Management Group LLP (5.08%), Rubis Avenir mutual fund (1.32%), and Treasury shares (0.06%).

However, the shareholding structure has since changed following the company’s entry into Africa. According to Market Screener, Marcel Dessault has since increase its ownership in the company, reducing the free float ownership.

JOIN US: Stay informed with the latest Kenyan news and join the conversation on Telegram.

Also Read: How To Become RUBiS Energy Dealer In Kenya

The company is now owned as illustrated below.

Rubis Management

The company’s management is as follows:

Bruno Krief Chief Financial Officer
Anna Patrice Head-Investor Relations
Maura Tartaglia Secretary 2013
Gilles Gobin, Dr. Statutory Manager & General Partner 71 1990
Jacques Riou Managing Partner 1992
Anne Zentar Director-Corporate Consolidation & Accounting

 

Rubis Board

Members of the board
Name Title Age Since
Olivier Heckenroth Chairman-Supervisory Board 70 1995
Chantal Mazzacurati Member-Supervisory Board 71 2010
Laure Grimonpret-Tahon Member-Supervisory Board 40 2015
Marie-Hélène Dessailly Member-Supervisory Board 74 2016
Carole Fiquemont Member-Supervisory Board 56 2019
Marc-Olivier Laurent, Dr. Independent Member-Supervisory Board 70 2019
Nils Christian Bergene Member-Supervisory Board 67 2020
Hervé Claquin Member-Supervisory Board 73
Erik Pointillart Member-Supervisory Board 69 2003
Aurélie Goulart-Lechevalier Member-Supervisory Board 40 2019

 

Background

Rubis was founded in 1990, and specialises in the distribution of petroleum products (service station networks, commercial fuel oil, aviation fuel, LPG, bitumens, etc.), with operations in Europe, the Caribbean and Africa through its subsidiary Rubis Energy.

Also Read: How To Become A Total Dealer In Kenya

Since 2000, the company has expanded its presence across three regions, (Africa, Europe and the Caribbean) through direct investments and acquisitions. The Group has enjoyed strong, regular progress driven by organic growth, new sites and acquisitions, while also constantly improving its productivity.

Rubis is now a major player in the fuels distribution business in Kenya. In March 2019, the company acquired the assets owned and operated by KenolKobil PLC, and later Gulf Energy Holdings in November 2019. The acquisitions meant that Rubis becomes a formidable competitor in the regional downstream business.

Rubis Energy Kenya is 100% owned by Rubis Energie following the full acquisition of both KenolKobil and Gulf Energy Holdings in 2019. Rubis Energie is a subsidiary of the Rubis Group which is listed at the Paris Stock Exchange.

Retail

Rubis Energy Kenya runs a strong network of over 230 strategically and conveniently located service stations countrywide under the Gulf Energy, Kenol, Kobil and Rubis brands.

LPG

The company’s K-gas brand is the most preferred cooking gas in Kenya for domestic and commercial use thanks to reliable supply and accurate quantity distribution, provided with high standards in terms of quality and safety.

Also Read: Stabex International: One Of The Largest Oil Company In Uganda That Has Been Linked To DP Ruto

Aviation

The company refuels at the international airports in Nairobi and Mombasa most major passenger and cargo airlines. Its services meet the International Air Transport Association (IATA) standards of into-plane refuelling procedures and guidelines.

Storage and Assets

Rubis Energy Kenya operates fuel depots in Kenya (Mombasa and Nairobi), Zambia, Burundi, Rwanda, and Uganda.

The company operates three aircraft refueling facilities: at Jomo Kenyatta International Airport and Wilson Airport in Nairobi, and Moi International Airport in Mombasa.

Rubis also operates state-of-the-art LPG filling plants in Kenya, Zambia, Uganda and Rwanda.

Facebook Comments

JOIN OUR COMMUNITY: Stay informed with the latest celebrity news on our WhatsApp community or by messaging the number +41774793952.


2 COMMENTS