France's Orfim to Sell Stake in Rubis
April 12 2019 - 5:38AM
Dow Jones News
By Nathan Allen
French investment house Orfim will sell its 5.24% stake in
energy-storage and distribution company Rubis SCA (RUI.FR) via a
private placement, Rubis said Friday.
Orfim has been a shareholder in Rubis since 1999 and is selling
the stake as part of a general reorganization of its structure,
Rubis said.
Based on Rubis's closing price on Thursday, the stake would have
a nominal value of around 254.1 million euros ($286.3 million),
according to data from FactSet.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
April 12, 2019 05:23 ET (09:23 GMT)
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