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Flaga Acquires Royal Dutch Shell's Polish LPG Distribution Business

11:00 AM MDT | October 21, 2010 | Lindsey Bewley

Liquefied petroleum gas (LPG) and energy holding company UGI Corp. (Valley Forge, PA) says its subsidiary, Flaga GmbH (Leoben, Austria), has acquired Shell Gas Polska, Royal Dutch Shell’s LPG distribution business in Poland. Terms of the transaction were not disclosed. The deal more than doubles Flaga’s LPG distribution volumes, to about 130 million gallons. The company will continue to expand Flaga’s business in the “attractive” markets of Denmark, Hungary and Poland, UGI says. UGI is a holding company with propane marketing...

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