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UGI Corporation (UGI)

  • Jul. 2, 2014, 10:22 AM
    • UGI Corp. (UGI +0.2%) says its French subsidiary has reached a preliminary deal to acquire Total's (TOT -0.8%) liquefied petroleum gas unit in France for €400M-€450M ($547M-$615M).
    • UGI, which is the general partner of retail propane distributor AmeriGas Partners (APU -0.1%), has been seeking growth through international expansion; TOT is trying to sell non-core or mature assets as part of a program to improve its cash flow and profitability.
    • UGI expects the deal to boost EPS in the first full year.
  • Oct. 17, 2011, 7:48 AM
    Amerigas Partners (APU) to acquire Energy Transfer Partners' (ETP) propane ops for $2.9B - $1.5B cash; $1.3B stock; and $0.1B debt assumption. ETP says the sale will allow it to focus on its pipeline opportunities. After the deal, ETP it will own 34% of APU; before the deal UGI (UGI) had owned 44% of APU. (PR I, II)
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Company Description
UGI Corp through itssubsidiaries distributes, stores, transports and markets energy products and related services. It is adomestic & international retail distributor of propane & butane, and providesnatural gas & electric service.
Sector: Utilities
Country: United States