Sao Paulo, Brazil-based Ultrapar Participa es S.A. is a major Brazilian holding company, engaged through its four subsidiaries in fuel and lubricants distribution, liquefied petroleum gas (LPG) distribution/production, chemicals and petrochemicals, and the storage and transportation of chemicals and LPG. The group's four subsidiaries are Ipiranga, Ultragaz, Oxiteno and Ultracargo.

Ipiranga: During the second quarter of 2007 the first stage of the acquisition of Ipiranga was completed. The deal is expected to be finished at the end of 2007. During the third quarter of 2007 Ultrapar is in the process of completing the second stage of the acquisition, which is the mandatory tag along offer for commom shares of Refinaria Petroleo Ipiranga, Distribuidora de Petroleo Ipiranga and Companhia Brasileira de Petroleo Ipiranga. Acording to the deal, Ultrapar acquired the fuel and lubricant distribution business in the South and Southeast Brazil and a smaller chemical company called EMCA. This new business segment is now responsible for 80% of the company's total revenues.

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