Tiger Brokers

BUZZ-Rubis rises after minority shareholder increases stake

Reuters
Apr 11, 2025
BUZZ-<a href="https://laohu8.com/S/RBSFY">Rubis</a> rises after minority shareholder increases stake

** Shares in Rubis RUBF.PA are up around 5% after a shareholder grouping that includes French businessmen Patrick Molis bought more shares in the French petroleum products distributor

** Rubis said in a regulatory filing that as of April 8 Concert Molis holds 9.37% of the ordinary shares of the company, while Compagnie nationale de navigation standalone holds 9.06% of the ordinary shares

** The stake increase could revive speculation in the shares, Portzamparc says, even if the company's SCA status seems difficult to challenge

** It could also trigger proposed resolutions from Molis or even a potential challenge to the appointments of CFO Marc Jacquot and CEO of Rubis Energie, Portzamparc adds

** The stock is at the top of France's SBF120 .SBF120

(Reporting by Anna Peverieri)

((Anna.peverieri@thomsonreuters.com))

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