Ultrapar Participações S.A. announced the execution of an Instrument of Advance for Future Capital Increase (AFAC) with Hidrovias do Brasil S.A., totaling R$500 million. This strategic financial injection is designed to bolster Hidrovias' capital structure and reduce its existing debt levels.
The capital advance aims to support Hidrovias' growth initiatives and its long-term value creation plan. This move underscores Ultrapar's commitment to its investment in the logistics sector.
The R$500 million will be capitalized in a future share subscription, ensuring Ultrapar Logística maintains its stake in Hidrovias and avoids dilution, reinforcing its strategic position.
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