ULTRAPAR PARTICIPAÇÕES S.A.
Publicly Traded Company
CNPJ nº 33.256.439/0001- 39
NIRE 35.300.109.724
MARKET ANNOUNCEMENT
Ultrapar acquires Repsol's LPG distribution business in Brazil
São Paulo, October 20th, 2011 - Ultrapar Participações S.A. ("Ultrapar") hereby announces that it signed and concluded in this date, through its subsidiary Companhia Ultragaz S.A. ("Ultragaz"), a sale and purchase agreement for the acquisition of 100% of the shares of Repsol Gás Brasil S.A. ("Repsol Gás Brasil"). The acquisition value is R$ 50 million. This amount includes R$ 2 million related to the net cash of the acquired company.
Repsol Gás Brasil solely distributes bulk LPG and has 1% market share in the Brazilian bulk LPG market. The volume sold by Repsol Gás Brasil in the last 12 months amounted to 22 thousand tons.
The acquisition of Repsol Gás Brasil strengthens Ultragaz's bulk LPG business, a segment in which it was a pioneer and has a relevant position, allowing economies of scale in logistics and management, as well as an improved positioning for growth in the bulk segment, where volume progression is correlated to the GDP performance.
This transaction will be submitted to the competent regulatory authorities.
André Covre
Chief Financial and Investor Relations Officer
Ultrapar Participações S.A.