Ultrapar Adds Terminal

Brazilian fuel distributor Ultrapar has agreed to acquire the Temmar port terminal from Noble Group, it says, for BRL160m ($80m). Under the terms of the sale, done through the Ultracargo unit, Ultrapar could pay an additional BRL12m-BRL30m, as a result of future storage capacity expansions in the next 7 years. The deal is subject to shareholder and regulatory approval. Temmar is located at the Itaqui port in the state of Maranhao. Over the last four years Ultracargo has acquired the Uniao Terminais at the port of Santos, and another terminal at Suape in the state of Pernambuco.