Bertelsmann plans merger of Brazil’s Afya and YDUQS to expand education business

By Public Technologies
  • Afya agreed to merge with Brazilian higher-education provider YDUQS, creating a group with about EUR 1.6 billion in revenue.
  • The combined company would serve more than 900,000 students, including 40,000 in medicine and 440,000 online students.
  • The agreed share-exchange implies 69% ownership for Afya holders, 31% for YDUQS holders, leaving Bertelsmann with 47%.
  • The merged group will remain listed on B3’s Novo Mercado, with headquarters in Rio de Janeiro.
  • Afya CEO Virgilio Gibbon is set to lead the combined company; Bertelsmann Education Group CEO Kay Krafft will be chairman.


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