A PYMNTS Company

Brazil’s Okays Acquisition Of Adtalem By Yduqs

 |  April 14, 2020

Brazilian education company Yduqs Asaid on Tuesday, April 13, that local antitrust watchdog Cade has approved the acquisition of Adtalem Global Education’s assets in Brazil for 1.92 billion reais ($372.38 million) with no restrictions.

In a securities filing, Yduqs, formerly known as Estacio, noted that some conditions must still be met to conclude the transaction. Adtalem is Brazil’s 10th largest private-sector higher education company, with 102,000 enrolled students, which should raise Yduqs’ student base to 678,000.

Full Content: Nasdaq

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.