Wednesday, June 11, 2008

Ultra acquires 100% stake in União Terminais for US$296 mln

Brazilian petrochemicals and gas group Ultra, through its subsidiary Ultracargo, has acquired 100% stake in Unipar's União Terminais e Armazéns Gerais for 483 mln reais (US$296mln). With this, Ultracaargo will be Brazil's leader in liquid bulk storage, with total capacity of 502,000m3 - about 30% of the total national capacity.

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