April 9, 2019 |
Brazil's Ultrpar said it plans to invest BRL450m ($117m) over five years in the three port terminal concessions it won last week.
Ipiranga, a filling station chain owned by Ultrapar, partnered with the Manaus-based fuel distributor Petróleo Sabbá to win a concession at the port of Miarmar in Belém, the state capital of Pará, for BRL40m. It also sided with the local investor Ativa to win another concession at the same port for BRL87m.
Ultracargo, Ultrapar's bulk liquids storage subsidiary, team
Brazilian fuel company prepares to spend $117m on the three concessions it won last week