Ultrapar Participacoes (UGP) has released an update.
Ultrapar Participações S.A. has announced the acquisition of a significant stake in Hidrovias do Brasil S.A., amounting to 21.87% of the company’s share capital, for R$ 3.98 per share. This strategic move supports Ultrapar’s expansion into Brazilian agribusiness logistics, aiming to leverage synergies with its existing operations. The completion of this transaction is contingent upon regulatory approval and the avoidance of a mandatory public offering triggered by the increase in ownership.
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