UGI International to Sell Eastern Europe LPG Assets for $52 Million

UGI International has agreed to sell its LPG distribution businesses in four Eastern European countries to DCC plc for €48 million ($52 million), completing a key portfolio optimization move and directing proceeds toward debt reduction.

(P&GJ) — UGI International has entered into a definitive agreement to divest its liquefied petroleum gas (LPG) distribution businesses in the Czech Republic, Hungary, Poland and Slovakia to DCC plc for an enterprise value of approximately €48 million ($52 million).

The transaction represents the near completion of UGI International’s previously announced portfolio optimization program, the company said.

“This divestiture substantially completes UGI International’s previously announced portfolio optimization program, allowing us to sharpen our focus on the segments where we have the strongest competitive positions and growth opportunities,” said Julie Fazio, president of UGI International. “By concentrating on markets where we have scale, established supply infrastructure and strong customer relationships, we are positioning UGI International for sustainable value creation.”

The deal is expected to close in the first half of 2026, subject to customary closing conditions. UGI said net proceeds from the sale will be used to reduce debt at parent company UGI Corporation, supporting balance-sheet strength and financial flexibility for future growth investments.

UGI International operates LPG distribution businesses in 14 European countries. In 2025, the company sold approximately 820 million gallons of LPG across Europe, serving residential, commercial, industrial, agricultural, wholesale and automotive fuel customers.