UGI Corporation (UGI) Acquires Shell's Liquefied Petroleum Gas Distribution Businesses in 8 European Countries
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UGI Corporation (NYSE: UGI) today reported that it has acquired Shell’s liquefied petroleum gas (LPG) distribution businesses in the United Kingdom, Belgium, the Netherlands, Luxembourg, Denmark, Finland, Norway and Sweden.
Due to the confidentiality provisions of the purchase agreement, terms of the transaction were not disclosed. The acquired businesses delivered approximately 300 million gallons of LPG in 2010, the addition of which will expand the scale of UGI’s European LPG business to over 700 million gallons.
Due to the confidentiality provisions of the purchase agreement, terms of the transaction were not disclosed. The acquired businesses delivered approximately 300 million gallons of LPG in 2010, the addition of which will expand the scale of UGI’s European LPG business to over 700 million gallons.
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