UGI to sell Electric Division for $470 million; shares up

UGI

28/04/2026 13:46

** Shares of natural gas utility UGI Corp UGI.N up 1.5% at $37.80 premarket

** Co to sell its Electric Division to funds managed by Argo Infrastructure Partners

** The purchase price is about $470 million, with working capital adjustments

** The deal is expected to close by first quarter of 2027

** As of last close, UGI was down marginally YTD

 (Reporting by Dharna Bafna in Bengaluru)

 ((dharna.bafna@thomsonreuters.com))