UGI International Sells Austrian LPG Business To DCC For €55 Million In Strategic Portfolio Streamline
Benzinga Newsdesk 1 year ago
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UGI International, LLC ("UGI International") today announced that it has entered a definitive agreement to strategically exit its LPG distribution business in Austria through a sale to DCC, plc for an enterprise value of
UGI International, LLC ("UGI International") today announced that it has entered a definitive agreement to strategically exit its LPG distribution business in Austria through a sale to DCC, plc for an enterprise value of €55 million.
The transaction represents the latest milestone in UGI International's portfolio rationalization efforts, geared towards creating a more focused and high-performing business. Proceeds will strengthen the corporation's balance sheet through debt reduction, enhancing financial flexibility for future growth investments.