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Stock impact report

UGI International Signs Definitive Agreement to Divest its LPG Business in Austria

UGI Corporation (UGI) 
Last ugi corporation earnings: 2/5 04:18 pm Check Earnings Report
Company Research Source: Business Wire
VALLEY FORGE, Pa.--(BUSINESS WIRE)--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."We are systematically building a more streamlined and resilient international business by concentrating on markets where we can maximize our operational expertise," said Julie Fazio, President of UGI International. "This business, while operationally sound, represented a smaller portion of our European business with approximately 12 million gallons sold in fiscal 2024. Our strategic exit from Austria ref Show less Read more
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