DCC buys liquid gas businesses for €48m

(Sharecast News) - Energy sales, marketing and support services group DCC on Thursday said it had bought liquid gas businesses in Poland, Hungary, Czech Republic and Slovakia from UGI International for an enterprise value of €48m (£42m). The businesses supply more than 200 million litres of liquid gas products to approximately 30,000 bulk and cylinder customers in the year ended September 2025.

Commercial and industrial customers account for more than 90% of the volumes of the businesses, and the strength of the business is underpinned by high levels of company owned tanks, the company said.

"The acquisitions are expected to generate a mid-teen return on capital employed in the second year of ownership. They are subject to customary regulatory approval and are expected to complete within six months," DCC said.

Reporting by Frank Prenesti for Sharecast.com