Ultrapar has engaged BTG Pactual to manage a potential sale of a stake in fuel distributor Ipiranga, according to Reuters. The process is at an early stage with no size, timeline or bidders disclosed; a completed sale could meaningfully change Ultrapar's exposure to fuel distribution and affect valuations of Ultrapar and Ipiranga.
Ultrapar has engaged BTG Pactual to manage a potential sale of a stake in fuel distributor Ipiranga, according to Reuters. The process is at an early stage with no size, timeline or bidders disclosed; a completed sale could meaningfully change Ultrapar's exposure to fuel distribution and affect valuations of Ultrapar and Ipiranga.
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