Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k)
April 20 2023 - 5:02AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 Or 15d-16 Of
The Securities Exchange Act Of 1934
For the month of April 2023
Commission File Number: 001-14950
ULTRAPAR HOLDINGS INC.
(Translation of Registrant’s Name into English)
Brigadeiro Luis Antonio Avenue, 1343, 9th Floor
São Paulo, SP, Brazil 01317-910
(Address of Principal Executive Offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F ____X____ Form 40-F ________
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Yes ________ No ____X____
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Yes ________ No ____X____
ULTRAPAR PARTICIPAÇÕES S.A.
Signing of agreement for the acquisition of 50% stake in Opla by Ultracargo
São Paulo, April 19, 2023 – Ultrapar Participações S.A. (B3: UGPA3 / NYSE: UGP), in compliance with CVM Resolution 44/21, hereby informs the signing of an agreement for the acquisition of a 50% stake in Opla Logística Avançada (“Opla”), held by Copersucar S.A. (“Copersucar”), through its subsidiary Ultracargo Logística S.A. (“Ultracargo”). The value of the transaction is R$ 237.5 million, subject to customary working capital and net debt adjustments.
Opla, which was founded in 2017, is the largest independent terminal of ethanol in Brazil. Located in Paulínia (state of São Paulo), it has an installed tank capacity of 180 thousand m3 and offers integrated storage and logistics solutions through railways, pipelines and road transportation. It is jointly controlled by BP Biofuels Brazil Investments Ltd. (“BP”) and Copersucar, both with 50% stake. With the approval of the acquisition, Ultracargo and BP will be co-controllers of Opla.
The acquisition of this stake in Opla marks Ultracargo's entry into the inland liquid bulk storage and logistics segment, integrated with port terminals, in line with its growth plan. Opla is a strategic asset in the ethanol and derivatives distribution chain, with high growth potential and value creation by opening the terminal to third parties and relevant productivity gains in the use of the asset.
Ultracargo and Opla will maintain their regular course of business, on an independent manner, until the closing date of the transaction, subject to approval by the Administrative Council of Economic Defense (CADE).
Rodrigo de Almeida Pizzinatto
Chief Financial and Investor Relations Officer
Ultrapar Participações S.A.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: April 19, 2023
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ULTRAPAR HOLDING INC. |
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By: /s/ Rodrigo de Almeida Pizzinatto
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Name: Rodrigo de Almeida Pizzinatto
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Title: Chief Financial and Investor Relations Officer
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