Announced

DCC to acquire FLAGA from UGI International for £47.5m.

Synopsis

DCC, an international sales, marketing and support services group focused on energy, agreed to acquire FLAGA, a distributor of liquid gas in Austria, from UGI International, an energy company engaged in the distribution, marketing, and storage of LPG across Europe, for £47.5m. "These acquisitions are an important step in DCC's strategy to be the leading energy solutions provider in our chosen markets. We are committed to expanding our liquid gas business in both new and existing geographies. Liquid gas represents a compelling opportunity for DCC and is one of our two key growth priorities. I warmly welcome the teams in Austria and the UK to DCC and look forward to working with them as we continue to build DCC into a global leader in the sales, marketing and distribution of energy products and services," Donal Murphy, DCC CEO.

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MergerLinks - DCC to acquire FLAGA from UGI International for £47.5m.