Petrobras, Braskem and Ultrapar Acquire Ipiranga, Brazil’s Second Largest Refining Company

Petrobras, Braskem and Ultrapar Acquire Ipiranga, Brazil’s Second Largest Refining Company

Petrobras, Braskem and Ultrapar Acquire Ipiranga, Brazil’s Second Largest Refining Company

Ipiranga, which had a net profit of $257 million in 2006, has a petroleum refinery and the second biggest fuel distribution network in the country with 4,240 gas stations.

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