The acquisition value is R$160 million, subject to the customary working capital and indebtedness adjustments on the closing date.

Additionally, Ultrapar will disburse a minimum extra value of R$12 million, which may reach approximately R$30 million as a result of possible future expansions in the storage capacity of the terminal, provided that such expansions are implemented within the next 7 years.

Temmar is a modern and well-designed terminal in the port area of Itaqui, in the state of Maranhão, in the Northeast region of Brazil, with a capacity of 55 thousand cubic meters and used mainly for the handling of fuels and biofuels. Temmar has contracts with its clients for the entire capacity of the terminal and a long-term lease contract, which includes a large area for future expansions. 

The port of Itaqui is the second largest port in liquid bulk handling in Brazil, with privileged location and efficient logistics, which includes access to railway. Responsible for supplying the fuel market in the states of Maranhão, Piauí and Tocantins, where fuel consumption has grown above the national average, the Itaqui port region has attracted various investments and new projects. 

This acquisition marks the entry of Ultracargo in this important market and enhances its operational scale, strengthening its position as a provider of storage for liquid bulk in Brazil and adding 8% to the company’s current capacity. 

The closing of this acquisition is subject to the compliance with certain usual conditions precedent for this type of transactio. Additional information about Temmar is available at Ultrapar’s website (www.ultra.com.br)

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Itaqui’s Storage Facilities in TankTerminals.com: Odfjell Terminals, Transpetro – Telis, Transpetro – Terminal Sao Luis