Ultrapar Participacoes SA ( (UGP) ) has provided an update.
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Ultrapar Participações S.A. announced the execution of an Instrument of Advance for Future Capital Increase (AFAC) with Hidrovias do Brasil S.A. amounting to R$500 million. This strategic move aims to strengthen the capital structure of Hidrovias, reduce its debt level, and support its growth and value creation plan. The AFAC will be capitalized in a future share subscription, maintaining Ultrapar Logística’s stake in Hidrovias and avoiding dilution. The transaction underscores Ultrapar’s commitment as a long-term strategic reference shareholder, providing financial support more cost-effectively than traditional bank loans.
More about Ultrapar Participacoes SA
Ultrapar Participações S.A. operates in the logistics and infrastructure industry, mainly focusing on logistics services through its subsidiary Ultrapar Logística. The company holds a significant stake in Hidrovias do Brasil S.A., reinforcing its position as a strategic shareholder in the infrastructure sector.
YTD Price Performance: -50.94%
Average Trading Volume: 2,163,336
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.82B
See more data about UGP stock on TipRanks’ Stock Analysis page.
