ULTRAPAR PARTICIPAÇÕES SA
Consortium between Ultragaz and Supergasbrás for the sharing of operating assets
São Paulo, July 12, 2022 – Ultrapar Participações SA (B3: UGPA3 / NYSE: UGP, “Ultrapar”), pursuant to CVM Resolution 44/21, informs that it has submitted for the approval of the Economic Defense Administrative Council (“CADE”) a consortium agreement, between Cia. Ultragaz SA (“Ultragaz”) and Supergasbrás Energia Ltda. for the sharing of part of its LPG storage and filling base operations and infrastructure (“Agreement”).
Once approved, the agreement will allow Ultragaz to expand its presence from 19 to 25 filling bases, offering greater security of supply in the regions served and better service levels, to the benefit of customers and resellers. . In addition, this operational agreement will make it possible to capture Ultragaz’s operating gains and also optimize investments. There will be no change in the commercial operation of the two companies.
This action demonstrates Ultragaz’s continued ability to seek efficiency and Ultrapar’s desire to establish strategic partnerships in its business portfolio.
The two companies will maintain their regular and independent activity until CADE’s approval.
Rodrigo de Almeida Pizzinatto
Chief Financial Officer and Investor Relations
Ultrapar Participações SA
Ultrapar Participações SA published this content on July 12, 2022 and is solely responsible for the information contained therein. Distributed by Audienceunedited and unmodified, on July 12, 2022 11:43:01 AM UTC.