Hochschulen: Bertelsmann baut Bildungsgeschäft in Brasilien aus
Der Konzern verschmilzt seine Medizin-Hochschulgruppe mit einem Konkurrenten in Brasilien. Das Bildungsgeschäft werde zur „tragenden Säule“, sagt CEO Thomas Rabe.
Berlin - In a strategic move, Bertelsmann plans to expand its education business in Brazil through a major merger, according to the company's announcement on Thursday. The German conglomerate's higher education division, Afya, will combine with the provider YDUQS, the Gütersloh-based media, services, and education company revealed.
"With the planned merger of Afya and YDUQS, we will create one of the largest Brazilian education companies under our leadership with a total revenue of 1.6 billion euros," said Bertelsmann CEO Thomas Rabe. "The education business will become an increasingly vital pillar of our portfolio." The merger will result in a company with over 900,000 students, 40,000 of whom are enrolled in the medical program alone, and 440,000 online students, as stated by the conglomerate.
Following the agreed-upon share exchange ratio of 69 percent (Afya) and 31 percent (YDUQS), Bertelsmann will hold a 47 percent stake in the combined entity, which will continue to be listed on the Brazilian B3 stock exchange. The company's CEO, based in Rio de Janeiro, will be Virgilio Gibbon, former head of Afya, while Kay Krafft, head of Bertelsmann's education division, will assume the role of chairman.
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