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.