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Rubis divests assets in Costa Rica and Nicaragua to Grupo Terra of Honduras

Tuesday, June 7, 2011

France-based Rubis announced the divestments of its Central American assets in Belize and Costa Rica to Unopetrol, a member of Honduras-based Grupo Terra.

Completion of the sale of its assets in Nicaragua to the same group is awaiting local regulatory approvals. These assets were recently acquired from Chevron in the context of a wider contract signed in November last year. By proceeding with this divestment, Rubis has chosen to focus on the Caribbean region.

Original source: Reuters (press release)