Kroton Adds University for BRL1bn Plus

Dec 19, 2011

Brazil’s Kroton Educacional has agreed to acquire Uniao Norte do Parana de Ensino (Unopar) for BRL1.3bn ($701.8m), using a combination of debt and newly issued shares. In the first of a two-phase acquisition, Kroton will buy an initial 80% stake in the...

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