December 7, 2020 |
Brazilian for-profit education company Ânima could raise as much as BRL1.24 billion ($241 million) in a share sale to fund the acquisition of private universities from US education group Laureate, according to a securities filing on Thursday.
Ânima said it priced 27 million new shares at BRL34.00 each, raising at least BRL918 million for the Laureate deal, but it added that the bookrunners could increase the size of offer by 35%, or 9.45 million shares, to meet demand. The bookrunners are Brades
Brazilian for-profit education company stands to raise $240 mln to help pay for 11 universities