UGI Corporation Announces $685M Strategic Turnaround Plan
UGI Corporation is executing a strategic turnaround by divesting non-core assets, including its Pennsylvania Electric Division for $470 million. The capital will be used to deleverage the balance sheet and secure dividends. Improved profitability in core gas segments suggests positive operational momentum.
Tickers: $UGI
Topics: capital optimization deleveraging strategic turnaround utility sector