Ultrapar Participações S.A. has initiated a new share buyback program, authorizing the acquisition of up to 25 million common shares. This represents 2.24% of the company's total capital stock.
The program is slated to run until December 2025 and will be executed through Brazil’s B3 stock exchange. The primary objective of this buyback is to support Ultrapar's stock-based incentive plan.
This strategic move is also intended to enhance shareholder value and optimize the company's capital management strategy, signaling confidence in its financial position.
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