UGI Acquires BP Poland
UGI Corporation subsidiary Flaga GmbH has acquired BP’s lp gas distribution business in Poland. BP’s Polish lpg business distributed nearly 682 million litres of lpg gas last year.
UGI chief executive officer John Walsh said: “We are pleased to have closed this important transaction, which will combine two high quality lpg businesses in Poland, one of the largest lpg markets in Europe. The acquisition represents a further step in our international growth strategy and reaffirms our commitment to add value for our shareholders through profitable growth in Europe.”