Published - July 18th, 2022
SHV Energy, via its Brazilian subsidiary Supergasbras, has signed an operational cooperation agreement with Ultragaz, another leading Brazilian LPG company.
The agreement covers the sharing of filling plants and depots on a country-wide level and is an evolution of existing regional operational agreements between the two companies.
“Based on this deepened cooperation, Supergasbras will be able to optimise its operational structure and subsequently its distribution and logistics,” said Michael Kossack, Management Board Member and Chief Operating Officer of SHV Energy.
The two companies will remain strictly independent in their respective commercial activities. The collaboration agreement will only cover supporting functions through the sharing of operational assets in the form of a consortium.
Execution of the contract is subject to approval by the Brazilian competition authorities (CADE).