April 10, 2018 / 9:41 PM / a year ago

Brazil's Kroton unveils first primary education acquisition

SAO PAULO, April 10 (Reuters) - Kroton Educacional SA , Brazil’s largest for-profit college operator, unveiled on Tuesday the acquisition of Centro Educacional Leonardo Da Vinci for an undisclosed value, its first foray into primary education.

Kroton plans to conclude a total of three acquisitions in that segment this year, with the second coming as soon as June, Chief Executive Officer Rodrigo Galindo told journalists in a conference call. Kroton has set up a holding company named Saber to bundle its primary education assets, he added. (Reporting by Gabriela Mello Writing by Bruno Federowski Editing by Chris Reese)

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