Ultrapar Participacoes SA ( (UGP) ) has shared an announcement.
On February 27, 2025, Ultrapar Participações S.A. announced that Hidrovias do Brasil S.A. has signed a contract to sell its cabotage operation to Companhia de Navegação Norsul for R$ 715 million. This transaction aligns with Hidrovias’ strategy to optimize its business portfolio and focus on investments with higher strategic value, while also reducing its financial leverage. The completion of the sale is contingent upon regulatory approvals and standard conditions.
More about Ultrapar Participacoes SA
Ultrapar Participações S.A. operates in the logistics and infrastructure industry, focusing on sectors such as fuel distribution, chemicals, and storage solutions. The company is known for its strategic investments and market positioning in Brazil and other regions.
YTD Price Performance: 11.79%
Average Trading Volume: 1,753,489
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $3.19B
For detailed information about UGP stock, go to TipRanks’ Stock Analysis page.