Lawyers from DLA Piper’s Sheffield office have advised US energy group UGI Corporation on the acquisition of BP’s liquefied petroleum gas (LPG) distribution business in Poland.
Corporate associate David Beech co-ordinated the cross-border legal team, which included lawyers from DLA Piper’s Warsaw office.
Jon Kenworthy, partner in DLA Piper’s Corporate team in Sheffield, said: “This is the 11th acquisition on which we have advised UGI in the last two years.
“It follows on from its acquisitions of LPG businesses from Royal Dutch Shell in Poland and Hungary during 2010 and the simultaneous acquisition of eight European businesses during 2011, also from Shell, which saw UGI’s European LPG business expand to a capacity of over 700 million gallons.
“The addition of Poland is the latest strategic move for UGI as it continues to invest in its LPG presence in key markets.”
The deal, led by Pennsylvania-based UGI’s Austrian subsidiary Flaga GmbH, is conditional on regulatory approval in Poland and is expected to be completed early in 2013
BP’s Polish LPG business distributed over 150 million gallons of liquid petroleum gas in 2011 and serves the residential, commercial, autogas and wholesale segments.