Reuters logo
France's Total sells its Italian gas business to UGI - source
September 22, 2017 / 5:16 PM / in 3 months

France's Total sells its Italian gas business to UGI - source

PARIS, Sept 22 (Reuters) - French oil and gas major Total has sold its gas business in Italy, Total Italia Gas, a subsidiary of its Italian joint venture TotalErg, to UGI Corp , an industry source said on Friday.

The sale is part of a move by the company to sells its assets in the Italian downstream retail market.

Total has said it plans to sell TotalErg, a joint venture with ERG that controls close to 2,600 service stations in Italy and has a market share of around 11 percent.

Total and UGI declined to comment. (Reporting by Bate Felix; Editing by Luke Baker and Mark Potter)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below