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Reuters: Total sells Italy gas unit to UGI

Sep. 22, 2017 2:24 PM ETTotalEnergies SE (TTE) StockTTE, UGIBy: Carl Surran, SA News Editor2 Comments
  • Total (TOT +0.3%) has sold its gas business in Italy, Total Italia Gas, part of its Italian joint venture TotalErg, to UGI Corp. (UGI -0.7%), Reuters reports.
  • TOT has said it plans to sell its assets in the Italian downstream retail market; TotalErg controls nearly 2,600 service stations in Italy and has a ~11% market share.
  • The report contains no other details, including the price, of the transaction.

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