ENXTPA:RUIGas Utilities
Assessing Rubis (ENXTPA:RUI) Valuation After Securing Antwerp Bitumen Storage Lease
Rubis (ENXTPA:RUI) has moved into the European bitumen market by securing an exclusive five year renewable lease to operate 60,000 tonnes of storage capacity at Antwerp’s ATPC terminal.
See our latest analysis for Rubis.
Rubis’ entry into European bitumen comes after several years of building an integrated bitumen logistics chain in Africa. It lands at a time when its €34.9 share price sits against a 30 day share price return of 7.92% and a 1 year total shareholder return of 50.29%,...