Rubis completed the acquisition of Photosol for €376m.

Rubis, a France-based international company specialized in the storage, distribution and sale of petroleum, liquefied petroleum gas, food and chemical products, completed the acquisition of Photosol, a company focused on developing clean energy renewable projects and specializes in utility-scale solar photovoltaics power plants for €376m. "Thanks to this acquisition and after our investment in HDF Energy in June 2021, Rubis is taking a strategic step towards the transition in renewable energy. Photosol's management has developed one of the largest independent solar energy companies in France and enjoys an excellent reputation on the market. The two companies share a common culture and values. After this acquisition, Rubis will maintain a solid financial structure and continue its shareholder-friendly dividend policy while continuing its organic and external growth investments," Jacques Riou, Rubis Manager.