Regulatory News:
Petroplus Holdings AG (SIX: PPHN) today announced that it will initiate
a sales process for the Petit Couronne refinery and related marketing
business, after an information and consultation process with the Works
Councils. During this period, all other possible options will be
considered. The Company also announced that it is evaluating strategic
alternatives for the Antwerp and Cressier refineries, including
potential sales. Petroplus intends to complete these processes in the
coming months.
The Company also provided the following update in regards to operations.
The Cressier refinery has been safely shut down. Labor actions at the
Petit Couronne and Antwerp refineries are restricting the lifting of
products. The Company will provide further updates to the public as
needed.
Petroplus Holdings AG is an independent refiner and wholesaler of
petroleum products in Europe. Petroplus focuses on refining and
currently owns five refineries across Europe: the Coryton Refinery in
the United Kingdom; the Antwerp Refinery in Belgium; the Petit Couronne
Refinery in France; the Ingolstadt Refinery in Germany; and the Cressier
Refinery in Switzerland. The refineries have a combined throughput
capacity of approximately 667,000 barrels per day.
