Ser Educacional wins rival in the dispute for the acquisition of Laureate Brasil – Money Times

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The proposal will still be analyzed by both parties before having a decision (Image: Disclosure / Anhembi-Morumbi)

A Being Educational (SEER3) informed the market on Wednesday (14) that it received the information that there is a third party interested in the purchase of Laureate Brasil.

According to the document, Ser’s management is analyzing the offer and the supplementary documentation sent to understand whether the third party’s offer is in fact a more advantageous proposal.

If confirmed the existence of a more advantageous proposal under the terms, Ser will have the right to match the possible most advantageous offer or, if it does not wish to do so, demand the payment, by Laureate, of a termination fine in the amount of R $ 180 million.

The proposal will still be analyzed by both parties before having a decision.

About the business

The purchase had been announced in September, for the amount of R $ 1.7 billion, which would lead Laureate to receive 44% of the company’s common shares.

With the transaction, Grupo Ser becomes the fourth largest educational group in the country, with approximately 452 thousand students

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