Ultrapetrol (Bahamas) Ltd. (NasdaqGS:ULTR) entered into a share purchase agreement to acquire remaining 5.55% stake in UP Offshore (Bahamas) Limited from Firmapar Corp. for $10.3 million on July 5, 2013. Ultrapetrol (Bahamas) agreed to purchase from Firmapar Corp. the 2.5 million shares of common stock.

Ultrapetrol (Bahamas) Ltd. (NasdaqGS:ULTR) completed the acquisition of remaining 5.55% stake in UP Offshore (Bahamas) Limited from Firmapar Corp. on July 25, 2013.