Urgent.News

What's breaking now, across thousands of outlets.

Business

Afya and Yduqs join forces; synergies can exceed R$ 2 billion

No maior M&A do setor de educação no Brasil, a Afya e a Yduqs estão fundindo seus negócios – numa transação que cria um gigante do setor com presença em todos os estados, forte concentração em cursos premium e sinergias estimadas em mais de R$ 2 bilhões. A transação – que vinha sendo especulada desde […] The post Afya e Yduqs se unem; sinergias podem passar dos R$ 2 bi appeared first on Brazil…

Translated from Portuguese Read in Portuguese

Afya and Yduqs join forces; synergies can exceed R$ 2 billion

Afya and Yduqs are merging in a deal that creates a giant in Brazil's education sector, with a presence in all states and a strong focus on premium courses. The transaction, valued at over R$ 2 billion in synergies, will see Afya's shareholders own 69% of the combined company, with Yduqs' shareholders owning 31%. The deal will delist Afya from the Nasdaq and incorporate it into Yduqs, with the combined company expected to have increased liquidity and qualify for entry into major stock market indices. The merger is expected to generate significant value through synergies and growth opportunities.

Written by urgent.news from Brazil Journal's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.

Read the original at braziljournal.com →

More in Business

ICAP signs MoU with CAAR

KARACHI/BAKU: The Institute of Chartered Accountants of Pakistan (ICAP) has signed a Memorandum of Understanding (MoU) with the Chamber of Auditors of Azerbaijan Republic (CAAR), reinforcing the two…

PPDA supports BMG in KCCI elections

KARACHI: The Pakistan Petroleum Dealers Association (PPDA) has announced its support for the Businessmen Group (BMG) in the upcoming Karachi Chamber of Commerce & Industry (KCCI) elections, saying it…

More from Thursday 24 September →