A unit of Abu Dhabi National Oil Company, or ADNOC, is considering a potential investment in UGI Corp.’s propane distribution unit AmeriGas, people with knowledge of the matter told Bloomberg. State-owned ADNOC is working with advisers to discuss the possible purchase of a stake in AmeriGas, the report said.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UGI:
- UGI Corporation price target raised to $27 from $26 at Mizuho
- Cindy Miller Resigns from UGI Corp’s Board of Directors
- Oracle upgraded, Under Armour downgraded: Wall Street’s top analyst calls
- Wells downgrades UGI on balanced risk/reward after Q1 update
- UGI Corporation downgraded to Equal Weight from Overweight at Wells Fargo
