UGI International, LLC has announced the completion of its divestiture of the LPG distribution business in Italy, known as UniverGas. The business has been sold to three Italian energy sector companies: Goldengas S.p.A., SCG Gas S.p.A. of the Socogas Group, and Beyfin S.p.A. This transaction is part of UGI International's strategy to optimize its portfolio by focusing on core markets where it has significant market presence and operational expertise. Proceeds from the divestiture will be primarily used for debt repayment at UGI Corporation.
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