Empreendimentos Pague Menos S.A. (BOVESPA:PGMN3) acquired late on May 17, 2021 Extra Farma Ltda. from Ultrapar Participações S.A. (BOVESPA:UGPA3) for BRL 600 million ($113.8 million), two sources familiar with the matter said. Pague Menos will pay BRL 300 million for Ultrapar when Brazil's antitrust watchdog greenlights the deal.

The remaining part will be paid over the next two years, in two equal installments.