Ultrapar Participacoes SA (UGP) has released an update.
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Ultrapar Participações S.A. has announced a new shares buyback program, allowing the acquisition of up to 25 million common shares, representing 2.24% of its capital stock. The buyback is aimed at supporting the company’s stock-based incentive plan and will be conducted through Brazil’s B3 stock exchange until December 2025. This strategic move is designed to enhance shareholder value and optimize capital management.
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