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UGI Acquires BP's Poland-based LPG Business

UGI Corporation BP Plc
AnnouncedNov 20, 2012
TypeAsset
LocationPoland Shale
Announced Date
November 20,2012
Close Date
September 05,2013
Transaction Type
Asset




Snapshot
Location
Country
Poland

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Closing Announcement - September 5, 2013

UGI Corporation has reported that its subsidiary, Flaga GmbH, has completed the acquisition of the liquefied petroleum gas (LPG) distribution business of BP in Poland.

BP’s Polish LPG business distributed over 150 million gallons of LPG in 2012 serving the residential, commercial, autogas, and wholesale segments. UGI’s International Propane business distributed over 600 million gallons of LPG throughout Europe in fiscal 2012.

The transaction was first announced in November 2012 and received regulatory approval in August 2013. Terms of the transaction…



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