Petroplus Holdings AG Industriestrasse 24
CH-6304 Zug
Switzerland
Zug, Switzerland, January 20, 2012 - 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.
Contact information: Petroplus Holdings AG
Fredrik Olsson; +41 (0) 58 580 1244
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