UGI Exits Austrian LPG Market in $59 Million Sale to DCC

UGI International will sell its Austrian LPG distribution business to DCC plc for approximately $59 million as part of a strategy to streamline operations and reduce debt.

VALLEY FORGE, Pa. (P&GJ) — UGI International has signed an agreement to sell its liquefied petroleum gas (LPG) distribution business in Austria to DCC plc for an enterprise value of about $59 million, advancing its strategy to focus on higher-performing markets and strengthen its balance sheet.

The transaction represents another step in UGI International’s portfolio optimization efforts, which include reducing debt and reinvesting capital into businesses with stronger growth potential. The sale is expected to close in the first quarter of fiscal 2026, pending customary approvals.

"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 reflects our commitment to deploy capital where we can generate more compelling returns.”

UGI International operates across 15 European countries, selling roughly 875 million gallons of LPG annually to residential, commercial, industrial, agricultural, and transportation customers.

Parent company UGI Corporation provides natural gas transmission and distribution, electric generation, midstream services, propane distribution, renewable natural gas, and energy marketing through its U.S. and European subsidiaries.