UPDATE 4-Brazil’s Kroton buys rival Somos in education deal worth up to $1.8 bln
22 Apr UPDATE 4-Brazil’s Kroton buys rival Somos in education deal worth up to $1.8 bln
Posted at 18:20h
in
News
by KMFSLLP
SAO PAULO/BRASILIA, April 23 (Reuters) – Brazil’s largest
for-profit education firm, Kroton Educacional SA has
agreed to buy a controlling stake in rival Somos Educação SA
for 4.6 billion reais ($1.34 billion) to increase
basic education business.
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