Research Reports

Key takeaways

RPR is 33.2% owned each by Ultrapar, Braskem, and Petrobras

Total debenture issuance value is R$451,300,173.78 across two series

First-series debentures are subscribed per proportional RPR ownership stakes

Debentures bear annual interest of CDI + 5.5% until conversion or maturity

All debentures will be mandatorily converted to RPR shares by Dec 31, 2026

Full analysis

This related-party transaction allows RPR to raise capital via a private debenture issuance, with Ultrapar, Braskem and Petrobras subscribing to the first series of debentures in line with their equal 33.2% ownership stakes in the JV. The interest rate of CDI + 5.5% per annum is confirmed to be market-equivalent, ensuring arm's length terms for the transaction. All first-series debentures will be converted to RPR common shares by the end of 2026, preserving the existing ownership structure of the joint venture.

UGP · Ultrapar Participações S.A.

Summary

Key takeaways

Full analysis