October 16, 2019 / 11:36 AM / a month ago

Adtalem, Yduqs confirm talks over Brazilian operations: filings

SAO PAULO (Reuters) - Adtalem Global Education Inc and Brazilian for-profit education company Yduqs (YDUQ3.SA), formerly known as Estacio Participacoes SA, confirmed on Wednesday they are in talks over Adtalem’s operations in Brazil.

In a securities filing, Adtalem said it is in active negotiations with the Brazilian company for a potential sale of its operations in Brazil, but added there is no assurance that a binding agreement will be reached. Yduqs said it is always considering acquisitions.

On Tuesday, Reuters reported Yduqs was in exclusive talks with Adtalem, whose assets could fetch at least 2 billion reais ($478.51 million).

Reporting by Gabriela Mello, editing by Louise Heavens and Nick Macfie

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below