Flaga GmbH, a subsidiary of energy distributor and marketer
UGI Corp., has reached a definitive agreement to acquire the
liquefied petroleum gas (LPG) distribution business of BP in
BP's Polish LPG business distributed over 150 million
gallons (MMgal) of LPG in 2011 and serves the residential,
commercial, autogas and wholesale segments.
UGI's international propane business distributed over 600
MMgal of LPG throughout Europe in fiscal year 2012.
The transaction is subject to customary closing conditions,
including regulatory approval in Poland, and it is expected to
close during the first half of 2013.