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Ultragaz–Supergasbras LPG terminal joint venture cleared in Brazil

( August 20, 2025, 20:43 GMT | Official Statement) -- MLex summary: Brazil’s competition authority has approved without remedies a joint venture between Ultragaz and Supergasbras to develop and operate an LPG terminal at the Pecém port complex in Ceará. Although the deal had already received clearance from the agency's Superintendence, Queiroz Participações challenged the decision, citing exclusivity concerns and governance gaps. Tribunal President Gustavo Augusto rejected the appeal, maintaining the approval contingent on the parties fulfilling their proposed commitments, such as ensuring non-discriminatory access to the LPG terminal for third parties, Statement follows below in Portuguese:...

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