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- by finance.yahoo.com
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Ultrapar Strengthens Stake in Hidrovias with R$500 Million Capital Advance
Ultrapar Participacoes SA ( (UGP) ) has provided an update. Ultrapar Participações S.A. announced the execution of an Instrument of Advance for Future Capital Increase (AFAC) with Hidrovias do Brasil S.A. amounting to R$500 million. This strategic move aims to strengthen the capital structure of Hidrovias, reduce its debt level, and support its growth and value creation plan. The AFAC will be capitalized in a future share subscription, maintaining Ultrapar Logística’s stake in Hidrovias and avoi