Ultrapar Participacoes (UGP) has released an update.
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Ultrapar Participações S.A. has successfully completed the acquisition of a 16.88% stake in Hidrovias do Brasil S.A., bringing its total ownership to 35.97%. This strategic move aligns with Ultrapar’s goal of expanding its influence in sectors linked to Brazilian agribusiness, particularly in the Midwest and Northern regions of Brazil. The company aims to boost Hidrovias’ growth and governance through its strategic and operational expertise.
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