M&A Deal Summary

UGI Acquires Shell Gas Hungary Zrt.

On October 14, 2011, UGI acquired oil/gas exploration company Shell Gas Hungary Zrt. from Shell

Acquisition Highlights
  • This is UGI’s 1st transaction in the Oil/Gas Exploration sector.
  • This is UGI’s 1st transaction in Hungary.

M&A Deal Summary

Date 2011-10-14
Target Shell Gas Hungary Zrt.
Sector Oil/Gas Exploration
Buyer(s) UGI
Sellers(s) Shell
Deal Type Divestiture

Target

Shell Gas Hungary Zrt.

Budaörs, Hungary
Shell Gas Hungary Zrt. delivered approximately 300 million gallons of LPG.

Search 215,058 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

UGI

King of Prussia, Pennsylvania, United States

Category Company
Founded 1882
Sector Utilities
Employees9,750
Revenue 7.2B USD (2024)
DESCRIPTION

UGI is a distributor and marketer of energy products and services. Through subsidiaries, UGI operates natural gas and electric utilities in Pennsylvania, distributes propane both domestically and internationally, manages midstream energy and electric generation assets in Pennsylvania, and engages in energy marketing in the Mid-Atlantic region. UGI was founded in 1882 and is based in King of Prussia, Pennsylvania.


DEAL STATS #
Overall 2 of 8
Sector: Oil/Gas Exploration M&A 1 of 2
Type: Divestiture M&A Deals 1 of 4
Country: Hungary M&A 1 of 1
Year: 2011 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-08-01 Antargaz SA

Courbevoie, France

Antargaz is the #2 distributor of liquefied petroleum gas ("LPG") in cylinders and bulk in France. In 2004, the company generated €680m in sales and employed 1,200 people.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-02 Total’s French LPG business

France

Total’s French LPG business distributed over 265 million retail gallons of LPG in 2013, serving residential, commercial, industrial and autogas customers. UGI International distributed approximately 600 million retail gallons of LPG throughout Europe in fiscal 2013, which included more than 250 million retail gallons of LPG by Antargaz in France

Buy -

Seller(S) 1

SELLER

Shell

London, United Kingdom

Category Company
Founded 1907
Sector Oil/Gas Exploration
Employees96,000
Revenue 284.3B USD (2024)
DESCRIPTION

Shell is an Anglo–Dutch multinational oil and gas company. Shell was founded in 1907 and is based in London, United Kingdom.


DEAL STATS #
Overall 5 of 19
Sector: Oil/Gas Exploration M&A 2 of 13
Type: Divestiture M&A Deals 5 of 19
Country: Hungary M&A 1 of 1
Year: 2011 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-19 Abadi LNG Project

Indonesia

The Abadi gas field was discovered in 2000, and the subsequent six appraisal wells and the reservoir study results confirmed sufficient gas reserves for LNG development.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-13 Shell Canada Energy

Calgary, Alberta, Canada

Shell Canada Energy Ltd. is engages in the exploration and development of oil sands processes.

Sell -