A merger between two education companies in Brazil, announced one year ago, is now in jeopardy as federal prosecutors recommend forced divestitures between the businesses, say reports.
Antitrust regulator CADE is being encouraged to require Kroton Educacional and Anhanguera Educacional to sell assets on condition of the merger, first announced last April. The merger created the nation’s largest educational company, reports say.
Local media say long-distance asset Uniderp, currently owned by Anhanguera, could be forced to be sold off. It was first acquired in 2007 for $112.7 million.
Despite reports, federal officials did not disclose which assets they want divested. CADE is not obligated to follow prosecutors’ recommendation.
Full Content: Wall Street Journal
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Google and South Carolina Clash Over State Records Demand
May 8, 2024 by
CPI
Telefonica Germany Teams Up with Amazon Web Services to Migrate 5G Customers
May 8, 2024 by
CPI
Federal Judge Grants $7.4 Million Settlement in Pork Price-Fixing Case
May 8, 2024 by
CPI
Wilson Sonsini Bolsters Antitrust and Competition Practice with Key Partner Returns
May 8, 2024 by
CPI
EU to Scrutinize Telecom Italia’s Network Sale to KKR
May 8, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI