UGI to buy Total's LPG distribution business in France

July 2 Wed Jul 2, 2014 8:48am EDT

July 2 (Reuters) - Energy utility UGI Corp said on Wednesday it would buy French oil major Total SA's LPG distribution business in France for about 400-450 million euros ($545-$613 million).

Total's French LPG business distributed over 265 million retail gallons in 2013, serving residential, commercial, industrial and autogas customers.

Other terms of the deal were not disclosed. ($1 = 0.7345 euros) (Reporting by Ashutosh Pandey in Bangalore; Editing by Saumyadeb Chakrabarty)

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