Tepsa Infra SAS (Tepsa) and Mitsui & Co Europe Ltd (Mitsui Europe) sign an agreement for the sale of 50% of the shares in ITC Rubis Terminal Antwerp NV (ITC Rubis).

ITC Rubis is a European liquid chemical storage company established in 2008 as a 50/50 joint venture between Mitsui & Co. Group and Tepsa. Operations began in 2010, and the company has since successfully expanded its business, with Tank Pit 7 expansion just recently commissioned. Following this transaction, Mitsui & Co. Group will become the sole owner of ITC Rubis.

This transaction is part of Tepsa’s evolution following its acquisition by I Squared Capital (I Squared), a leading independent global infrastructure investor. In October 2024, I Squared completed the acquisition of the remaining 55% of the shares in RT Invest SA, Tepsa becoming a fully owned I Squared portfolio company.

Our mission, ‘Sustainable Storage Solutions for everyday life’, continues to guide our future developments focusing on storage of sustainable, low-carbon products in best-inclass terminals located in the main import and trading hubs in Western Europe.

The completion of the transaction with Mitsui Europe remains subject to certain regulatory conditions precedent.

About Tepsa

Tepsa is an independent leader in the storage of industrial liquid bulk products and gases including chemicals, fertilizers, biofuels, and fuels that are fundamental to the economy. Our geographical footprint covers Western Europe, from the Amsterdam-Rotterdam-Antwerp region to Western Mediterranean region. We operate a total storage capacity of 4millions cbm over 15 terminals, strategically positioned near key transportation and infrastructure hubs across France, ARA region and Spain.

About Mitsui

Mitsui & Co., Ltd. is a global trading and investment company with a diversified business portfolio that spans approximately 63 countries in Asia, Europe, North, Central & South America, The Middle East, Africa and Oceania. Mitsui has built a strong and diverse core business portfolio covering the Mineral and Metal Resources, Energy, Machinery and Infrastructure, and Chemicals industries. Leveraging its strengths, Mitsui has further diversified beyond its core profit pillars to create multifaceted value in new areas, including innovative Energy Solutions, Healthcare & Nutrition and through a strategic focus on high-growth Asian markets. This strategy aims to derive growth opportunities by harnessing some of the world's main mega-trends: sustainability, health & wellness, digitalization, and the growing power of the consumer.