Ser declines option to acquire Ânima assets

Ser declines option to acquire Ânima assets

Corporate & Sovereign Strategy Debt M&A Equity Brazil Latin America

Brazilian for-profit education company Ser Educacional said Wednesday that it decided not to exercise an option to buy three universities owned by Ânima after gaining the right to acquire the assets in exchange for ending arbitration last year. Ser said in a securities filing that it declined to acquire 100% of the operators of three universities, Sociedade de Educação Ritter dos Reis (Ritter), Faculdade de Desenvolvimento do Rio Grande do Sul (FADERGS) and Instituto Brasileiro de Medicina de Re

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