Reported 29 days ago
Ultrapar Participações S.A. (NYSE:UGP), a leading Brazilian conglomerate, has enhanced its infrastructure capabilities by acquiring a 50.15% stake in Hidrovias do Brasil S.A. This strategic move, announced on May 8, 2025, aims to strengthen its position in Brazil’s agribusiness and transportation sectors by adding river-based logistics to its portfolio. While the initial financial impacts may be modest, the acquisition is seen as a key step in diversifying Ultrapar's energy and logistics platform, with positive market sentiment leading to an upgrade in the stock's performance outlook.
Source: YAHOO