On the Record · Ultrapar
Ultrapar acquisitions, on the record
The businesses Ultrapar bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
ConectCarWord for word“In June 2021, Ultrapar entered into a share purchase agreement for the sale of its equity interest in ConectCar to a subsidiary of Porto Seguro S.A .” 20-F for 2023 | agreed divestiture | — | — |
Stella GD Intermediação de Geração Distribuída de Energia Ltda.Word for word“Ultragaz acquired Stella for a minimum amount of R$ 63.0 million, and an initial payment of R$ 7.6 million.” 20-F for 2023 | acquisition | — | a minimum amount of R$ 63.0 million |
NEOgásWord for word“The total value of the company (enterprise value) was R$ 165.0 million, subject to customary working capital and N et D ebt adjustments.” 20-F for 2023 | acquisition | — | R$ 165.0 million |
Opla (50% stake held by Copersucar)Word for word“The value of the transaction was R$ 237.5 million, subject to customary working capital and N et D ebt adjustments.” 20-F for 2023 | acquisition | — | R$ 237.5 million |
Serra Diesel Transportador Revendedor Retalhista Ltda.Word for word“The closing of the transaction occurred on September 1, 2023.” 20-F for 2023 | acquisition | The closing of the transaction occurred on September 1, 2023 | — |
Ipiranga Rondonópolis terminalWord for word“In September 2023, Ipiranga sold the Rondonópolis base to Ultracargo , located in the state of Mato Grosso, due to synergies with Ultracargo’s terminal in Paulínia ( state of São Paulo) .” 20-F for 2023 | acquisition | September 2023 | — |
Hidrovias (128,369,488 shares)Word for word“On March 24, 2024, the Company signed, through a subsidiary, a share purchase and sale instrument for the acquisition of 128,369,488 shares of Hi drovias , which represent 16.88 % of Hidrovias’s total share capita l (“Transaction Shares”), for a price of R$ 3.98 /share.” 20-F for 2023 | agreed acquisition | On March 24, 2024 | R$ 3.98 /share |
Oxiteno (sale to Indorama)Word for word“For example, the sale of Oxiteno to Indorama was closed on April 1, 2022, and the sale of Extrafarma to Pague Menos was closed on August 1, 2022.” 20-F for 2023 | divestiture | closed on April 1, 2022 | — |
Extrafarma (sale to Pague Menos)Word for word“For example, the sale of Oxiteno to Indorama was closed on April 1, 2022, and the sale of Extrafarma to Pague Menos was closed on August 1, 2022.” 20-F for 2023 | divestiture | closed on August 1, 2022 | — |
HidroviasWord for word“Additionally, in 2024, Ultrapar Logística, a subsidiary of Ultrapar , acquired an equity participation in Hidrovias.” 20-F for 2024 | acquisition | — | — |
cabotage operation (Hidrovias)Word for word“The sale of the cabotage operation was announced to the market on February 27, 2025 , and it is subject to regulatory approvals.” 20-F for 2024 | divestiture | February 27, 2025 | — |
OxitenoWord for word“The sales of Oxiteno and Extrafarma , our former wholly owned subsidiaries, were closed on April 1, 2022 and on August 1, 2022, respectively, and, as a result, these companies are no longer part of Ultrapar’s business portfolio as of these dates.” 20-F for 2024 | divestiture | April 1, 2022 | — |
ExtrafarmaWord for word“The sales of Oxiteno and Extrafarma , our former wholly owned subsidiaries, were closed on April 1, 2022 and on August 1, 2022, respectively, and, as a result, these companies are no longer part of Ultrapar’s business portfolio as of these dates.” 20-F for 2024 | divestiture | August 1, 2022 | — |
StellaWord for word“On September 12, 2022, Ultragaz signed an agreement for the acquisition of all shares of Stella, a technology platform founded in 2019 that connects renewable electricity generators and customers through distributed generation, and the transaction closed on October 1, 2022.” 20-F for 2024 | acquisition | closed on October 1, 2022 | — |
Witzler Participações S.A.Word for word“On September 1, 2024, Ultragaz acquired a 51.7 % interest in Witzler Participações S.A. (“Witzler”).” 20-F for 2024 | acquisition | September 1, 2024 | — |
Rondonópolis terminal from IpirangaWord for word“In September 2023, Ipiranga sold the Rondonópolis base to Ultracargo, located in the state of Mato Grosso, due to synergies with Ultracargo’s terminal in Paulínia (state of São Paulo).” 20-F for 2024 | acquisition | September 2023 | — |
TEASWord for word“In March 2018, Ultracargo Logística acquired all shares of TEAS, owned by Raízen Energia S.A. and Raízen Araraquara Açúcar e Álcool Ltda., whose assets had already been operated by Ultracargo Logística in the port of Santos.” 20-F for 2024 | acquisition | March 2018 | — |
OplaWord for word“The acquisition, valued at R$237.5 million (subject to customary adjustments), was completed on July 1, 2023.” 20-F for 2025 | acquisition | July 1, 2023 | R$237.5 million |
Coastal Navigation (cabotage) operations of HidroviasWord for word“The transaction was completed in November 2025 with a total enterprise value of R$715 million—R$195 million attributable to equity value and R$521 million to the debt balance as of December 31, 2024.” 20-F for 2025 | divestiture | November 2025 | R$715 million |
Neoagro Diesel LtdaWord for word“Such transaction was approved by CADE on September 11, 2025, and closed on November 17, 2025.” 20-F for 2025 | acquisition | November 17, 2025 | — |
Virtu GNL PariticpaçõesWord for word“In January 2026, the Company completed the acquisition of a 37.5% stake in Virtu for R$104 million.” 20-F for 2025 | acquisition | January 2026 | R$104 million |
Read from Ultrapar’s annual reports (20-F for 2025, 20-F for 2024, 20-F for 2023) and the financial data it files with the SEC, as of 2026-04-29. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.