CVM Boosts Ultrapar's Ipiranga Offers

Sep 18, 2007

Brazil's Comissão de Valores Mobiliários has moved to increase the price Ultrapar Participações will offer for Petroleo Ipiranga shares it doesn't own by 10.9% to BRL64.43 per share....

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management