Ultrapar Participacoes S.A.(UGP)- NYSE
  • Mon, Jun. 13, 12:58 PM
    • Ultrapar (UGP +3.7%), Brazil's second-biggest fuel distributor, jumps ~4% after agreeing to acquire smaller peer Alesat Combustíveis for 2.17B reais ($635M) in a move that makes it more competitive with Petrobras' (PBR -2.8%) distribution unit.
    • UPR’s Ipiranga fuel distribution unit already had more than 7,200 gas stations across Brazil, and the combined company adds another 2K stations to bring its market share near 18%, approaching PBR's market leading BR Distribuidora's nearly 20% market share from 7,500 service stations.
    • PBR has said it wants to sell at least 25% of its distribution unit to a strategic partner as part of its plan to sell $15B of assets to pay down debt.
    | Mon, Jun. 13, 12:58 PM | 9 Comments
  • Aug. 10, 2015, 11:44 AM
    • Petrobras (PBR +4.4%) shares are off to a strong start on speculation the company has attracted a suitor for its Liquigás gas asset.
    • Reuters says the CEO of Ultrapar Participações (UGP +2.8%), which owns the largest natural gas distribution company in Brazil, told local newspaper O Estado de S. Paulo that his company is interested in acquiring the asset.
    • The CEO says the company also is interested in some assets controlled by BR Distribuidora, a fuel distribution firm that PBR plans to list on the local exchange within months.
    | Aug. 10, 2015, 11:44 AM
Company Description
Ultrapar Participaçoes SA operates as a holding company, which engages in the distribution of liquefied petroleum gas and the production of chemicals. It operates through the following segments: Gas Distribution, Fuel Distribution, Chemicals, Storage and Drugstores. The Gas Distribution... More
Industry: Oil & Gas Refining & Marketing
Country: Brazil