June 8, 2020 |
Brazilian private education company Yduqs said it acquired local rival Athenas Grupo Educacional for BRL120 million ($24.2 million) under an expansion drive that has seen the company spend close to BRL2.5 billion on acquisitions in the last nine months.
Yduqs paid BRL106 million on signing the agreement and will pay another BRL14 million in five years, it said in a securities filing on Thursday evening.
The agreement includes an earn-out clause for up to BRL180 million for medical courses, equal
Brazilian private education company pays $24 mln for local rival as it continues its expansion drive