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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. 

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