BUZZ-UGI gains on report of potential ADNOC investment in propane unit

Reuters04-20

** Shares of natural gas utility UGI up 6.8% at $25.4 - earlier hitting more than an eight-month high during the session

** Abu Dhabi National Oil Company (ADNOC) unit considering potential investment in UGI's propane distribution arm AmeriGas, Bloomberg reports

** UGI had initiated a strategic review of alternatives focused on its liquefied petroleum gas $(LPG)$ businesses in August last year

** Including session's gains, stock has risen 3% YTD

(Reporting by Kabir Dweit)

((Kabir.Dweit@thomsonreuters.com;))

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