Vicente Falanga's questions to Ultrapar Participacoes SA (UGP) leadership • Q2 2025
Question
Vicente Falanga from Bradesco BBI asked for an update on discussions with the ANP regarding proposed LPG regulations and for visibility on the legal efforts to resolve injunctions related to Renovabio bio-credits.
Answer
CEO Rodrigo Pesinado and Ultragas CEO Tabajara Albertalli highlighted that the vast majority of public inputs (244 out of 247) opposed the proposed LPG changes, and they are actively engaged in the regulatory process. Management also confirmed they are supporting legal initiatives, including a government request to the Supreme Court, to resolve the Renovabio injunctions and correct market distortions.