Who Owns
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Transport & infrastructure

Tepsa

Profile reviewed

Tepsa operates liquid-product storage terminals in continental Europe. I Squared completed its purchase of the remaining 55% in October 2024. [1][2]

01 / Behind the name

Who owns Tepsa?

Private · 100% · disclosed I Squared investment ownership [1][2]

  1. 01
    Disclosed investment scope

    Tepsa terminal group [1][2]

    As reported · 17 Oct 2024

The 17 October 2024 completion took the disclosed I Squared interest from 45% to 100%; a January 2026 company announcement confirms ownership. Formerly Rubis Terminal, the stated terminal footprint is France, the Netherlands and Spain. A UK operating footprint is not established. [1][2]

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Owner & brand overview

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02 / On the map

Where is it based?

Disclosed investment structure
I Squared Capital-managed funds [1][2]
Group headquarters
Not yet verified [1]
Parent incorporated in
Not yet verified [1]

Headquarters, incorporation and tax residence describe different things. A headquarters address does not tell you where all of a company’s tax is paid.

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Investors in Tepsa

Investor disclosures found

Selected investor disclosures have been found. Each names the held entity, basis and date; the complete investor register remains outside this review. A stake in a parent or operating company is shown against that entity. Dates refer to each disclosure and can differ from the profile review date. Evidence links are included with each record.

Fund investment

I Squared Capital

Held entity · Tepsa terminal group

100% · disclosed I Squared investment ownership

Acquisition completed ·

The 17 October 2024 completion took the disclosed I Squared interest from 45% to 100%; a January 2026 company announcement confirms ownership. Formerly Rubis Terminal, the stated terminal footprint is France, the Netherlands and Spain. A UK operating footprint is not established.

Evidence · 2 sources

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03 / The figures, with context

What does it report in UK tax?

This ownership research has not established a dated UK cash corporation-tax payment for the relevant reporting entity.

United KingdomNot yet verified

UK corporation tax paid

Not yet verifiedCash payment

Tepsa · UK reporting scope not verified
Annual reporting period not yet verified

The sources establish investment or business information. The UK tax-paying entity, reporting period and cash corporation-tax payment have not been separately reconciled. Not verified does not mean no tax was paid. [1]

These figures have different scopes. They should not be added together or used as a like-for-like tax ranking.

Understand the measures

04 / Check our working

The public record.

Primary sources used in this profile. Company disclosures are attributed to the company; inclusion is not an independent audit.

  1. 01
    Tepsa remaining stake acquisition completed (opens in a new tab)

    Tepsa · 17 October 2024: remaining 55% acquisition completed, bringing interest to 100%

    Accessed 9 Oct 2026
  2. 02
    Tepsa company and ownership in 2026 (opens in a new tab)

    Tepsa · 21 January 2026: owned by I Squared; terminal footprint in France, Netherlands and Spain

    Accessed 9 Oct 2026