Key Developments: Ultrapar Participacoes SA (UGP)

UGP on New York Consolidated

24.10USD
23 Jul 2014
Price Change (% chg)

$-0.41 (-1.67%)
Prev Close
$24.51
Open
$24.23
Day's High
$24.29
Day's Low
$23.96
Volume
125,898
Avg. Vol
264,746
52-wk High
$27.94
52-wk Low
$20.84

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Latest Key Developments (Source: Significant Developments)

Ultrapar Participacoes SA announces dividend payment
Thursday, 20 Feb 2014 08:42am EST 

Ultrapar Participacoes SA:Says on Feb. 19 it approved a dividend distribution in the total amount of 389,494,313.40 Brazilian reais, to be paid out as of March 12.This amount, combined with 354,032,210.40 Brazilian reais already paid as interim dividends in Aug. 2013, totals 743,526,523.80 Brazilian reais destined for dividends for fiscal year 2013.Shareholders on record as of Feb. 26 in Brazil and as of March 3 in the United States, will receive dividend at the value of 0.71 Brazilian real per share.Shares to be traded ex-dividend as of Feb. 27.  Full Article

Ultrapar Participacoes SA Announces Association Agreement with Imifarma Produtos Farmaceuticos e Cosmeticos SA for Acquisition of 100% Stake in Extrafarma
Monday, 30 Sep 2013 04:41pm EDT 

Ultrapar Participacoes SA announced that on September 30, 2013 it signed an association agreement with Imifarma Produtos Farmaceuticos e Cosmeticos SA, a drugstore chain in Brazil that operates using Extrafarma brand (Extrafarma). Under the agreement, the Company will acquire a 100% stake in Extrafarma in exchange for up to 2.9% of new shares of the Company. The value of the transaction amounts to BRL 1,006 million, represented by the issue of up to 16,028,131 shares of the Company and assumption of net debt of Extrafarma in the amount of BRL 106 million on December 31, 2012.  Full Article

Ultrapar Participacoes SA Announces FY 2013 Dividend Payment
Wednesday, 31 Jul 2013 06:09pm EDT 

Ultrapar Participacoes SA announced that, on July 31, 2013, it approved the payment of dividend for the 2013 fiscal year in the total amount of BRL 354,032,210.40 to be paid out as from August 16, 2013. Value per share is BRL 0.66 for the shareholders on the record as of August 7, 2013 in Brazil and August 12, 2013 in the United States. Shares will be traded ex-dividends as from August 8, 2013 on Sao Paulo Stock Exchange as well as on New York Stock Exchange.  Full Article

Moody's Investors Services Raises Global Rating of Ultrapar Participacoes SA
Tuesday, 28 May 2013 07:58am EDT 

Ultrapar Participacoes SA announced that Moody's Investors Services (Moody's) raised its global rating of the Company from Baa3 to Baa2. According to Moody's, ratings assigned to the Company reflect its solid business model, low risk profile, maintenance of the leadership position in the markets it operates and the resilience of its cash flow. The elevation of the credit classification of the Company emphasizes the ability of business cash management of the Company and its solid financial administration and corporate governance.  Full Article

Ultrapar Participacoes SA Announces FY 2012 Dividend Payment
Thursday, 21 Feb 2013 06:59am EST 

Ultrapar Participacoes SA announced that, on February 20, 2013, its Board of Directors approved the payment of dividend for the 2012 fiscal year in the total amount of BRL 354,032,210.40 to be paid out as from March 8, 2013. The sum of this dividend payment and the intermediary dividends in the amount of BRL 273,391,844.40 already paid in August 2012 is the total value of the Company‚Äôs dividends in the fiscal year 2012, which is BRL 627,424,054.80. Value per share is BRL 0.66 to the shareholders on the record as of February 27, 2013 in Brazil and March 4, 2013 in the United States. Shares will be traded ex-dividends as from February 28, 2013 on Sao Paulo Stock Exchange as well as on New York Stock Exchange.  Full Article

Standard & Poor's Raises Global Rating for Ultrapar Participacoes SA
Thursday, 29 Nov 2012 06:10am EST 

Ultrapar Participacoes SA announced that Standard & Poor's (S&P) raised its global rating of the Company from BBB- to BBB and reaffirmed its local classification of brAAA. According to S&P, ratings assigned to the Company reflect strengthening of the business risk profile, maintenance of the leadership position in the markets it operates and the resilience of its cash flow. The elevation of the credit classification of the Company emphasizes the ability of business cash management of the Company and its solid financial administration and corporate governance  Full Article

Ultrapar Participacoes SA through Subsidiary and Odebrecht TransPort Participacoes Establish ConectCar
Wednesday, 28 Nov 2012 06:46am EST 

Ultrapar Participacoes SA announced that on November 27, 2012 through its fully owned subsidiary Ipiranga it established with Odebrecht TransPort Participacoes a new company ConectCar which will act in the segment of electronic payment of tolls, parking and fuel. The two Companies will equally divide control over ConectCar where each one will hold a 50% stake. ConectCar plans to go into operation in the first quarter of 2013.  Full Article

Ultrapar Participacoes SA Acquires American Chemical I.C.S.A. Through Subsidiary
Monday, 5 Nov 2012 07:25am EST 

Ultrapar Participacoes SA announced that, through its subsidiary Oxiteno, it acquired on November 5, 2012 the total stake in American Chemical I.C.S.A., an Uruguayan company specializing in chemicals, for the price of USD 74 million.  Full Article

Ultrapar Participacoes SA Announces FY 2012 Dividend Payment
Thursday, 2 Aug 2012 08:00am EDT 

Ultrapar Participacoes SA announced that, on August 1, 2012, its Board of Directors approved the payment of dividend for the 2012 fiscal year in the total amount of BRL 273,391,844.40, corresponding to BRL 0.51 per share. The payment will be done as of August 17, 2012, to the shareholders on record as of August 8, 2012 in Brazil and August 13, 2012 in the United States. Shares will be traded ex-dividends as of August 9, 2012.  Full Article

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