BMA Partners

BMA assists Ultracargo in the acquisition of OPLA

BMA assisted Ultracargo Logística in the acquisition of 50% of Terminal de Combustíveis de Paulínia (OPLA), operator of an ethanol terminal, from Copersucar.

The transaction results in the withdrawal of Copersucar from the business, and Ultracargo Logísitca becoming a shareholder in the company, together with BP Biofuels Brazil Investments, holder of the remaining 50% in the company.

The base price was R$237.5 million, which may be adjusted based on cash, debt, working capital and CAPEX metrics. The transaction is subject to antitrust approval (CADE).

BMA Advogados relied on partners (pictured from left to right) Miguel Ramos, Felipe Bon, Gustavo Maia, Adriana Fuzinato and Ana Candida Carvalho; associates Renata Medina, Vitor Sampaio, Matheus Hipólito, Thais Xavier, Tainá Gutierrez, Caíque Ribeiro, Maria Sampaio and Bruna Acklam.