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Stock Market & Financial Investment News

News Breaks
July 2, 2014
08:34 EDTUGIUGI unit to acquire Total LPG distribution business in France
UGI announced that its wholly-owned French subsidiary, UGI Bordeaux, has reached agreement in principle to acquire Totalís liquefied petroleum gas distribution business in France for a price of approximately EUR400M-EUR450M, subject to legally required employee information and consultation procedures and regulatory approvals.
News For UGI From The Last 14 Days
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May 29, 2015
09:21 EDTUGIUGI completes acquisition of Total's LPG distribution business in France
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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.

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