Filer:
Ultrapar Participações S.A.
Issuer:
Ultrapar Participações S.A.
Subject
of
the offer: Refinaria de Petróleo Ipiranga S.A.,
Distribuidora
de Produtos de Petróleo Ipiranga S.A. and
Companhia
Brasileira de Petróleo Ipiranga S.A.
Commission
File Number: 001-14950
 ULTRAPAR
PARTICIPAÇÕES S.A.
Publicly-Held
Corporation
Taxpayer
ID [CNPJ/MF] No. 33.256.439/0001-39
State
Registration [NIRE] No. 35.300.109.724
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COMPANHIA
BRASILEIRA
DE
PETRÓLEO
IPIRANGA
PUBLICLY-HELD
CORPORATION
Taxpayer
ID [CNPJ/MF] No.
33.069.766/0001-81
State
Registration [NIRE] No.
33300025111
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DISTRIBUIDORA
DE
PRODUTOS
DE
PETRÓLEO
S.A.
PUBLICLY-HELD
CORPORATION
Taxpayer
ID [CNPJ/MF] No.
92.689.256/0001-76
State
Registration [NIRE] No.
43300004821
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REFINARIA
DE
PETRÓLEO
IPIRANGA
S.A.
PUBLICLY-HELD
CORPORATION
Taxpayer
ID [CNPJ/MF] No.
94.845.674/0001-30
State
Registration [NIRE] No.
43300002837
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RELEVANT
NOTICE
In
compliance with the provisions of CVM (Brazilian Securities and Exchange
Commission) Instructions Nos. 319/99 and 358/02, Ultrapar Participações S.A.
(“Ultrapar”), together with its controlled companies Refinaria de
Petróleo Ipiranga S.A. (“RPI”), Distribuidora de Produtos de Petróleo
Ipiranga S.A. (“DPPI”) and Companhia Brasileira de Petróleo Ipiranga
(“CBPI”) (RPI, DPPI and CBPI are jointly referred to as the “Ipiranga
Group”), inform that they intend to carry out a corporate restructuring, as
follows:
As
disclosed by Ultrapar, Petróleo Brasileiro S.A. – Petrobras (“Petrobras”)
and Braskem S.A. (“Braskem”) in the relevant notices of March 19, 2007,
April 18, 2007 and April 19, 2007, Ultrapar, on its own behalf and as a
commission agent for and on behalf of Braskem and Petrobras, purchased all
of
the shares in RPI, DPPI and CBPI held by the former controlling shareholders
of
the Ipiranga Group.
The
Ipiranga Group has a complex shareholding structure, consisting of three
companies engaged in the same sectors, with cross shareholdings, and with an
asymmetrical shareholding structure, to the extent that there are three
universes of minority shareholders.
This
shareholding structure compromises the operational, administrative and corporate
efficiency of such companies, and also it does not allow the shareholders to
have interests in a single company that concentrates the liquidity of the whole
shareholding base of the Ipiranga Group with a high corporate governance
standard and aligned interests.
Ultrapar,
in the capacity of controlling shareholder of the companies that comprise the
Ipiranga Group, is interested in strengthening such companies and adopting
measures that assure greater efficiency.
RPI,
CBPI,
DPPI and Ultrapar believe that the share exchange is the most adequate and
effective measure to resolve these issues in the interest of all companies,
to
the extent that it will simplify the corporate structure of the companies
comprising the Ipiranga Group, increasing their size and operational freedom,
and ensuring their strengthening. In view of this, they decided to call special
general meetings for December 18, 2007, at which their shareholders will
deliberate upon the share exchange of RPI, DPPI and CBPI, as applicable, by
Ultrapar (“Share Exchange Transactions”).
1. OBJECTIVES
AND COSTS.
1.1.
Objectives. The Share Exchange Transactions are aimed at making
the corporate structure of the Ipiranga Group simpler, and specializing and
developing the businesses of Ipiranga Group. The following objectives are
planned to be achieved through the Share Exchange Transactions, to the benefit
of the relevant companies and their shareholders:
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·
|
simplification
of the complex corporate structure of the Ipiranga
Group;
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|
·
|
strengthening
of the Ipiranga Group companies by eliminating the complex capital
and
corporate structure, thus enabling an improved operational and
administrative efficiency and a greater capacity to make
investments;
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|
·
|
specialization
and development of the companies that comprise the Ipiranga
Group;
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|
·
|
alignment
of the interests of all shareholders of the
companies;
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·
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increase
in the liquidity of the shares of all companies, to the extent that
the
shareholder base will be widened through the concentration of all
shareholders of the companies in a single company, with shares traded
in
stock exchanges in Brazil, and in New York through ADRs;
and
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|
·
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extension
of ULTRAPAR’s recognized corporate governance standards to all
shareholders of RPI, particularly with regard to the 100% tag-along
right
for preferred shares.
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1.2. Costs.
Ultrapar, RPI, DPPI and CBPI estimate that they will incur costs in the Share
Exchange Transactions of around five million reais (R$ 5,000,000.00),
including expenses
related
to
publishing, preparation of valuation reports and economic/financial valuations,
domestic and foreign auditors’, appraisers’, consultants’ and attorneys’ fees,
filings with the SEC and other related expenses.
2. BUSINESS
AND CORPORATE ACTIONS THAT PRECEDED THE SHARE EXCHANGE
TRANSACTIONS.
No
business or corporate actions related to the Share Exchange Transactions were
taken other than those disclosed in this relevant notice and in the relevant
notices of March 19, 2007, April 18, 2007 and April 19, 2007 referred to
above.
3. NUMBER,
TYPE AND CLASS OF SHARES TO BE DELIVERED.
3.1. Shares
To Be Delivered.
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(a)
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upon
the share exchange by Ultrapar of shares in RPI, 0.79850 preferred
share
issued by Ultrapar shall be attributed to each one (1) common or
preferred
share issued by RPI;
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(b)
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upon
the share exchange by Ultrapar of shares in DPPI, 0.64048 preferred
share
issued by Ultrapar shall be attributed to each one (1) common or
preferred
share issued by DPPI; and
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(c)
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upon
the share exchange by Ultrapar of shares in CBPI, 0.41846 preferred
share
issued by Ultrapar shall be attributed to each one (1) common or
preferred
share issued by CBPI.
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3.2. Fractions
of Shares. Fractions of shares issued by Ultrapar resulting from the
substitution in the position of each shareholder of RPI, DPPI and CBPI as a
result of the Share Exchange Transactions shall be sold in an auction at the
Bolsa de Valores de São Paulo – BOVESPA, and the proceeds resulting from this
selling will be delivered to the respective shareholder after the financial
settlement of the shares sold in the auction.
3.3. Criteria
Used to Determine the Exchange Ratios. The exchange ratios set for the Share
Exchange Transactions were determined based on economic/financial valuations
of
the relevant companies according to the same criterion of future profitability
prospects. For the purposes of setting the exchange ratios, Ultrapar’s
management relied upon a valuation prepared by Deutsche Bank (qualified in
item 11.1), while the Managements of RPI, DPPI and CBPI relied upon the
valuation prepared by Credit Suisse (qualified in item 11.1) for the
purpose of the Share Exchange Transactions. In this regard, see item 6
below and sub-items thereof.
3.4 Reasons
for the Operation to be Deemed Equitable for the Shareholders. The exchange
ratio set for the Shareholders is fair and equitable, as demonstrated by
valuations made by Deutsche Bank and Credit Suisse.
4. POLITICAL
AND EQUITY RIGHTS AND ADVANTAGES OF THE SHARES.
4.1. Comparison
Between the Political and Equity Rights and Advantages of the Shares. The
political and equity rights and advantages of the shares issued by Ultrapar
are
different in certain aspects from the rights and advantages of the shares issued
by RPI, DPPI and CBPI, and it should be highlighted that the shares in Ultrapar
have rights that align the interests of all shareholders, as a reference of
good
corporate governance, which are superior to those of the shares in RPI, DPPI
and
CBPI, particularly the tag-along right at 100% of the price in the event of
sale
of control, as explained below:
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Corporation
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Type
of Share
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Voting
Right
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Profit
Sharing/
Priority
Upon Liquidation
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Tag-Along*
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Liquidation
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Share
Repayment Amount
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Exclusion
of Preemptive Right
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Ultrapar
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Common
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Yes
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Minimum
compulsory dividend of 50% of the adjusted profit.
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100%
of the sale price of shares owned by controlling block
members.
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It
is up to common shareholders to appoint the liquidator.
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The
share amount for repayment purposes is set based on the company’s equity
value.
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Shares,
convertible debentures and/or warrants may be issued without preemptive
right to former shareholders in the events set forth in art. 172
of Law
6.404/76.
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Preferred
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No
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-
Minimum compulsory dividend of 50% of the adjusted profit.
-
Priority in capital repayment, without premium, in the event of
liquidation of the company.
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Same
as common shares.
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No
right to appoint liquidator.
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Same
as common shares.
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Same
as common shares.
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RPI,
DPPI and CBPI
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Common
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Yes
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-
Minimum compulsory dividend of 30% of the adjusted profit.
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80%
of the sale price of voting shares.
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It
is up to common shareholders to appoint the liquidator.
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The
share amount for repayment purposes is set based on the corporation’s
equity value.
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Not
applicable.
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Preferred
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No
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-
Minimum compulsory dividend of 30% of the adjusted profit and 10%
above
that allocated to common shares, and also, as to CBPI, a priority
of 1% of
the adjusted net profit.
-
Priority in capital repayment, without premium, in the event of
liquidation of the Corporation.
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No.
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No
right to appoint liquidator.
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Same
as common shares.
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Not
applicable.
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*
Tag-along right in the event of sale of control, pursuant to art. 254-A of
Law
6.404/76
4.2. Change
of Rights of Preferred Shareholders. Upon the Share Exchange Transactions,
the holders of common or preferred shares in RPI, DPPI e CBPI shall then hold
preferred shares in Ultrapar, and their rights will be changed according to
the
table above, consistently with the best corporate governance
practices.
4.3. Profit
Sharing for the Year 2007. The shares to be issued by Ultrapar as a result
of the Share Exchange Transactions shall be fully entitled to all dividends
and
interest on equity capital that may be declared after the issuance
thereof.
5. SHARES
TO BE RECEIVED BY THE SHAREHOLDERS.
The
shareholders of RPI, DPPI and CBPI will receive preferred shares in Ultrapar
in
exchange for the shares held thereby, in order to allow for a single class
of
preferred shares, with the unification of the whole shareholding base in the
same share in Ultrapar where the liquidity is concentrated and which is
permitted to be traded in Brazil and in the New York Stock
Exchange.
6. CALCULATION
OF THE EXCHANGE RATIOS AND SHAREHOLDERS’ EQUITY VALUATION
CRITERIA.
6.1. Accounting
Valuation. RPI, DPPI and CBPI shares to be exchanged by Ultrapar
shares were evaluated at the book value, based on the balance sheets of said
companies as of September 30, 2007, audited by KPMG Auditores Independentes
(“KPMG”). Said valuations were prepared by KPMG, and determined the amounts of
R$769,503,076.33 for the total shares in RPI, R$909,971,402.47 for the total
shares in DPPI, and R$1,839,874,344.03 for the total shares in
CBPI.
6.2. Valuation
Based on Future Profitability Prospects. As explained in item 3.3,
Deutsche Bank (qualified in item 11.1) was engaged by Ultrapar to
evaluate RPI, DPPI, CBPI and Ultrapar based on their future profitability
prospects. The valuations resulted in the following ranges of values: (a)
R$51.63 to R$57.06 per share issued by RPI; (b) R$41.11 to R$45.44 per share
issued by DPPI; (c) R$26.97 to R$29.81 per share issued by CBPI; and (d) R$64.48
to R$71.26 per share issued by Ultrapar. Likewise, Credit Suisse (also qualified
in item 11.1) prepared, upon request of RPI’s, DPPI’s and CBPI’s
management, economic/financial valuations, also based on RPI’s, DPPI’s, CBPI’s
and Ultrapar’s future profitability prospects. Credit Suisse’s valuations
resulted in the following ranges of values: (a) R$$50.90 to R$56.26 per share
issued by RPI; (b) R$42.00 to R$46.42 per share issued by DPPI; (c) R$27.65
to
R$30.57 per share issued by CBPI; and (d) R$64.50 to R$71.29 per share issued
by
Ultrapar. Based on such valuations, Ultrapar’s, RPI’s, DPPI’s and CBPI’s
management set the ratios for exchange of shares in RPI, DPPI and CBPI for
shares in Ultrapar, as set forth in item 3.1.
6.3. Valuation
of the Shareholders’ Equity at Market Value. For the purposes of article 264
of Law 6.404/76, the shareholders’ equities of Ultrapar, RPI, DPPI and CBPI were
valuated at market value, following the same criteria and as of the same date,
September 30, 2007, by APSIS, a specialized company qualified in item
11.1.
6.3.1 Exchange Ratios based on Shareholders’ Equity Values at
Market Value. APSIS’ valuation reports resulted in the following exchange
rates: (a) 0.722591 share in Ultrapar for each one (1) share in RPI; (b)
0.644359 share in Ultrapar for each one (1) share in DPPI; and (c) 0.409277
share in Ultrapar for each one (1) share in CBPI.
6.4. Treatment
of Subsequent Equity Variations. The base date of the Share
Exchange Transactions is September 30, 2007. Equity variations
occurring after said date until the date of the completion of the Share Exchange
Transactions shall be accounted for in Ultrapar by equity in earnings
of affiliated.
7. SOLUTION
REGARDING SHARES IN THE CAPITAL OF A COMPANY HELD BY THE
OTHER.
As
of this
date, there are no shares issued by Ultrapar that are held by RPI, DPPI or
CBPI.
The shares that Ultrapar will hold in RPI, DPPI and CBPI as a result
of the Share Exchange Transactions shall continue to be held by
Ultrapar. Eventual reciprocal interests, if any, that may result from the Share
Exchange Transactions shall be eliminated within the legal period, pursuant
to
art. 224, paragraph 5, of the Brazilian Corporation Act.
8. ULTRAPAR’S
CAPITAL STOCK COMPOSITION AND CORPORATE STRUCTURE AFTER THE SHARE EXCHANGE
TRANSACTIONS.
8.1. Ultrapar’s
Capital Stock Composition. Ultrapar’s subscribed capital stock is currently
represented by 81,325,409 registered shares without par value, of which
49,429,897 are common shares and 31.895.512 are preferred shares, in the total
amount of nine hundred and forty-six million thirty-four thousand six hundred
and sixty-two reais and ninety-seven cents (R$ 946,034,662.97), and the
following changes may occur as a result of the Share Exchange Transactions
assuming that the right of withdrawal is not exercised:
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(a)
|
exclusively
with the RPI’s Share Exchange Transaction, Ultrapar’s subscribed capital
stock would be R$ 1,654,973,814.40, represented by 49,429,897 common
shares and 46,011,214 preferred
shares;
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|
(b)
|
exclusively
with the DPPI’s Share Exchange Transaction, Ultrapar’s subscribed capital
stock would be R$ 1,541,849,759.76, represented by 49,429,897 common
shares and 43,758,798 preferred shares;
and
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|
(c)
|
exclusively
with the CBPI’s Share Exchange Transaction, Ultrapar’s subscribed capital
stock would be R$ 2,388,751,309.05, represented by 49,429,897 common
shares and 60,621,472 preferred
shares.
|
With
the
Share Exchange Transactions, Ultrapar’s total capital stock would be
R$ 3,693,505,560.28, represented by 136,030,357 registered shares without
par value, of which 49,429,897 would be common shares and 86,600,460 would
be
preferred shares.
9. AMOUNT
TO BE PAID FOR THE APPRAISAL RIGHTS.
9.1. Appraisal
Rights. As explained below, the shareholders (a) of Ultrapar and RPI holding
common or preferred shares, with regard to the RPI’s Share Exchange Transaction,
(b) of Ultrapar and DPPI holding common or preferred shares, with regard to
the
DPPI’s Share Exchange Transaction, and (c) of Ultrapar holding common or
preferred shares, and of CBPI holding common shares, with regard to the CBPI’s
Share Exchange Transaction, that dissent from or abstain on resolutions that
may
result in appraisal rigths, or who fail to attend the relevant Special General
Meeting, shall be assured appraisal right upon notice to such effect within
thirty (30) days counted from the date of publication of the minutes of the
respective Special Shareholders Meeting that approves the corporate transaction
that is the cause of the appraisal right. The respective amount to be paid
for
the appraisal right shall depend on the accomplishment of the transaction,
as
set forth in article 230 of Law 6.404/76, and the payment thereof shall be
made
by the respective company up to the third business day next following the date
of completion of the respective transaction. The appraisal rights shall only
be
assured to the shareholder that, as of March 16, 2007, the last day prior to
the
date of publication of the relevant fact of March 19, 2007, is proven to be
the
owner of the shares regarding which the appraisal rights were exercised,
pursuant to art. 137, paragraph 1, of Law 6.404/76.
9.2. Amount
to be paid. The dissenting shareholders shall be entitled to repayment of their
shares according to the last balance sheet approved.
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(a)
|
Ultrapar’s
dissenting shareholders shall be entitled to repayment of their shares
at
the amount of twenty-three reais and eighty-six cents (R$ 23.86) per
share, according to the last balance sheet approved, that is, as
of
December 31, 2006;
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|
(b)
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RPI’s
dissenting shareholders shall be entitled to repayment of their shares
at
the amount of nineteen reais and fifty cents (R$ 19.50) per share,
according to the last balance sheet approved, that is, as of December
31,
2006;
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|
(c)
|
DPPI’s
dissenting shareholders shall be entitled to repayment of their shares
at
the
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|
|
amount
of twenty-five reais and thirteen cents (R$ 25.13) per share,
according to the last balance sheet approved, that is, as of December
31,
2006;
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(d)
|
CBPI’s
dissenting common shareholders shall be entitled to repayment of
their
shares at the amount of fourteen reais and sixty-eight cents
(R$ 14.68) per share, according to the last balance sheet approved,
that is, as of December 31, 2006.
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9.2.1. Pursuant to article 264, par. 3
of Law 6.404/76, DPPI’s shareholders may choose to have their shares repaid
based on the shareholders’ equity amount at market value of such company, which
is thirty-three reais and fifty-five cents (R$ 33.55) per share, according
to the Market Value Shareholders’ Equity Report.
9.2.2.
The dissenting shareholders may, upon the exercise of
the appraisal rights, request a special balance sheet for the company, according
to the provisions of article 45, par. 2 of the Brazilian Corporation
Act. In such event, after the expiration of the period determined for
the Share Exchange Transactions to be reconsidered, pursuant to article 137,
par. 3, of the Brazilian Corporation Act, the shareholder will receive 80%
of
the amount to be paid for the appraisal rights, and the balance, if any, shall
be paid within one hundred and twenty (120) days counted from the date of the
resolution by the Special Shareholders Meeting.
10. UNDISCLOSED
LIABILITIES.
No
relevant liabilities not disclosed in the balance sheets of RIP, DPPI and CBPI
are known.
11. SPECIALIZED
COMPANIES INVOLVED.
11.1. Identification
of the Specialized Companies Involved.
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(a)
|
Valuation
of Shareholders’ Equity at Book Value: KPMG Auditores Independentes, a
company with its headquarter at Rua Dr. Renato Paes de Barros, 33,
14º
andar, São Paulo, SP, registered with the Brazilian Roll of Corporate
Taxpayers of the Ministry of Finance under No. 57.755.217/0001-29
(“KPMG”);
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(b)
|
Valuation
of the Shareholders’ Equity at Market Value: Apsis Consultoria
Empresarial S/C Ltda., a company with its headquarter at Rua São José 90,
grupo 1.802, in the capital of the State of Rio de Janeiro, registered
with the Brazilian Roll of Corporate Taxpayers of the Ministry of
Finance
under No. 27.281.922/0001-70
(“APSIS”);
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|
(c)
|
Economic/Financial
Appraisal of Ultrapar, RPI, DPPI and
CBPI:
|
(c.1)
Company Engaged by Ultrapar: Deutsche Bank Securities, Inc., a company
with its headquarter at 60, Wall Street, New York, NY, United States of America
(“Deutsche Bank”); and
(c.2)
Company Engaged by RPI, DPPI and CBPI: Banco de Investimentos Credit
Suisse (Brazil) S.A., a company with its headquarter at Avenida Brigadeiro
Faria
Lima, 3064, 13º andar, São Paulo, SP, registered with the Brazilian Roll of
Corporate Taxpayers of the Ministry of Finance under No. 33.987.793/0001-33
(“Credit Suisse”).
11.2. Declaration
of No Conflicts of Interest. KPMG, APSIS, Deustche Bank and Credit Suisse,
which are responsible for the valuation reports and the economic/financial
valuations, hereby declare not to have any conflict of or common interests,
whether actually or potentially, with RPI, DPPI, CBPI, Ultrapar or any minority
shareholders, or with regard to the Share Exchange Transactions.
12. APPROVAL
BY REGULATORY AUTHORITIES.
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12.1.
|
Registration
with the SEC. The Share Exchange Transactions and the respective issue
of new shares by Ultrapar are subject to the respective registration
with
the United States Securities and Exchange
Commission.
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12.2.
CADE.
The transaction of acquisition of the Ipiranga Group, including the phase of
the
Share Exchange Transactions, was reported to the Brazilian Administrative
Council for Economic Defense – CADE.
|
12.3.
|
Any
other communications required with regard to the Share Exchange
Transactions shall be submitted to the competent governmental authorities,
according to the applicable laws.
|
13. OTHER
CONDITIONS FOR THE SHARE EXCHANGE TRANSACTIONS.
13.1. Trading
on Bovespa. As a result of the practices established by the São Paulo Stock
Exchange – Bovespa, Ultrapar shares issued within the context of the Share
Incorporation Transactions will be traded under ticker symbol RPI, DPPI and
CBPI
until the Share Incorporation Transactions are ratified by the management of
Ultrapar, RPI, DPPI and CBPI, after the expiration of the period for exercise
of
the right of withdrawal, or after the period of ten (10) days set forth in
article 137, par. 3 of Law 6.404/76 has expired without a new meeting being
called.
13.2. Future
Business Plans. Ultrapar is planning significant investments in the
following years in order to promote the growth of its business, based on
investments in differentiated
products,
access to competitive raw materials and increase of the operational leverage.
At
Oxiteno, ongoing expansion projects of over US$ 320 million, including the
first
fatty alcohol production unit in Latin America and a 40% increase in the
production capacity of ethylene oxide and other specialty chemicals, will enable
increased sales volumes and a growing operational leverage. Additionally,
Oxiteno will continue its internalization process, particularly strengthening
its leadership in the Americas whether by opening commercial offices or through
acquisitions. At Ultragaz we have planned to invest R$ 50 million to strengthen
our position in Brazil’s North and Northeast, selling LPG in certain states
where the potential market growth is above the country’s average. At Ultracargo
we will invest about R$ 110 million between 2008-09 to expand its current liquid
storage capacity by 35% due to the increase in the demand for logistics
infrastructure in Brazil, which is related mainly to biofuels and the foreign
trade flow. At Ipiranga we will continue to implement our business plan, which
is based on enhancing the investment capacity and significantly increasing
volumes, thus generating a growing operational leverage.
In
the
event that the Share Exchange Transactions are approved and, after the
expiration of the legal period, RPI’s, DPPI’s, CBPI’s and Ultrapar’s
shareholders, as applicable, do not reconsider the Share Exchange Transactions,
it is expected that: (a) a capital reduction will be performed at RPI and CBPI
in order to transfer directly to Ultrapar the petrochemical assets, represented
by shares in Ipiranga Química S.A., to be subsequently delivered to Braskem and
Petrobras pursuant to the Investment Agreement; and (b) CBPI will be split
in
order to transfer the fuel and lubricant distribution businesses located in
the
Northern, Northeastern and Midwestern regions to a company controlled by
Petrobras.
14. SHARE
EXCHANGE TRANSACTION DOCUMENTS.
14.1. Available
Documents. The Share Exchange Transaction Documents (such as protocols and
justifications, reports and others) are available at the websites of Ultrapar
(www.ultra.com.br), RPI, DPPI and CBPI (www.ipiranga.com.br).
Copies of such materials will also be made available at the websites of CVM
(www.cvm.gov.br) and the São Paulo Stock Exchange
(www.bovespa.com.br) as of this date. Any shareholder that wants to
consult and examine the documents at the headquarters of Ultrapar, RPI, DPPI
or
CBPI shall schedule a visit date and time with the respective Investor Relations
department of Ultrapar (telephone (55 11 3177 7014), RPI (telephone 55 53 3233
8061), DPPI (telephone 55 51 3216 4391) or CBPI (telephone 55 21 2574
5308).
São
Paulo,
November 12, 2007
|
André
Covre
Chief
Financial and Investor Relations Officer
Ultrapar
Participações S.A.
|
|
Sergio
Roberto Weyne
Ferreira
da Costa
Investor
Relations
Director
Refinaria
de Petróleo
Ipiranga
S.A.
|
Sergio
Roberto Weyne
Ferreira
da Costa
Investor
Relations
Director
Distribuidora
de Produtos
de
Petróleo Ipiranga S.A.
|
Sergio
Roberto Weyne
Ferreira
da Costa
Investor
Relations
Director
Companhia
Brasileira de
Petróleo
Ipiranga
|
Investors
will be able to obtain copies of the offering document and other documents
from
the SEC's Public Reference Room at 450 Fifth Street N.W., Washington D.C.,
20549. Please call the SEC at 1-800-SEC-0330 for further information on the
Public Reference Room. The documents may also be obtained from the website
maintained by the SEC at http://www.sec.gov, which
contains reports and other information regarding registrants that file
electronically with the SEC. In addition, documents (including any exhibits)
filed with the SEC by Ultrapar Participações S.A. will be available free of
charge from the Investor Relations office of Ultrapar Participações S.A.,
located at Avenida Brigadeiro Luis Antonio, 1343, 9º Andar São Paulo, SP, Brazil
01317-910, tel: 011-55-11-3177-6695. PLEASE, READ THE DOCUMENTS
CAREFULLY BEFORE MAKING A DECISION REGARDING THE MERGER.
This
communication shall not constitute an offer to sell or the solicitation of
an
offer to buy, nor shall there be any sale of securities in any jurisdiction
in
which such offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of such
jurisdiction