09/03/2020 (Agence Europe) – The European Commission approved on Monday 9 March the acquisition of joint control of Rubis Terminal S.A., based in France, by I Squared Capital Advisors, LLC (ISQ), based in the United States, and Rubis SCA (Rubis), based in France. Rubis Terminal operates bulk storage terminals in Belgium, France, the Netherlands and Turkey and is active in the wholesale and distribution of petroleum products in France. ISQ is an investment firm focusing on sectors such as energy, utilities, telecommunications and transportation on a global basis. Rubis is a company specialising in the distribution of petroleum products. The Commission concluded that the proposed acquisition would not raise competition concerns as ISQ is not active in the same markets as Rubis Terminal or in related markets. (LC)