UGI expects BP's Poland LNG distribution business to be modestly accretive

|About: UGI Corporation (UGI)|By:, SA News Editor

UGI says it completed the acquisition of BP's liquefied petroleum gas distribution business in Poland, and expects the transaction to be modestly accretive to EPS in FY 2014.

BP's Polish LPG business distributed more than 150M gallons in 2012; UGI's international propane business distributed 600M-plus gallons of LPG throughout Europe in 2012.

Terms of the transaction were not disclosed.