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News Breaks
July 2, 2014
09:12 EDTUGI, TOTTotal in exclusive sales talks for Totalgaz with UGI Corporation
Total (TOT) announced that it has entered into exclusive negotiations with UGI Corporation (UGI), the parent company of Antargaz, after having received a firm offer from the U.S. company to acquire all outstanding shares of Totalgaz, the groupís liquefied petroleum gas distributor in France. The transaction under consideration is aligned with Totalís strategy of assertively managing its asset portfolio, the company said.
News For TOT;UGI From The Last 14 Days
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May 22, 2015
09:57 EDTTOTOn The Fly: Analyst Upgrade Summary
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07:00 EDTTOTBP upgraded to Neutral on reduced Russia risk at JPMorgan
JPMorgan upgraded BP (BP) to Neutral citing less risk in Russia and a pathway to cash flow neutrality in 2017. JPMorgan this morning also upgraded Total (TOT) to Overweight and Eni SpA (E) to Neutral.
05:31 EDTTOTTotal upgraded to Overweight from Neutral at JPMorgan
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May 18, 2015
07:14 EDTUGIAmerican Gas Association to hold a forum
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May 15, 2015
16:17 EDTUGIUGI Corporation receives regulatory approval for acquisition of Totalís LPG unit
UGI Corporation announced that its wholly owned subsidiary, UGI France, has obtained approval from the French Competition Authority to complete its previously announced acquisition of Totalís liquefied petroleum gas distribution business in France. This is the final regulatory approval required for the acquisition to close. The purchase price is approximately EUR400M-EUR450M. Based on retail gallons distributed, Totalgaz is comparable in size to UGIís existing Antargaz business in France, with both businesses selling to residential, commercial, industrial, and autogas customers. Antargaz has a slightly higher proportion of cylinder and small bulk sales, while Totalgaz has a slightly higher proportion of sales to large bulk customers. As previously announced, UGI Corporation will be presenting at the American Gas Association Financial Forum on May 18, 2015, and will provide an update on the transaction at that time.
May 14, 2015
16:22 EDTUGIUGI Energy Services to build LNG plant in northern Pennsylvania
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May 11, 2015
13:28 EDTTOTOPEC sees oil at around $76 a barrel in 2025, WSJ says
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