Brazilian education company Yduqs Asaid on Tuesday, April 13, that local antitrust watchdog Cade has approved the acquisition of Adtalem Global Education’s assets in Brazil for 1.92 billion reais ($372.38 million) with no restrictions.
In a securities filing, Yduqs, formerly known as Estacio, noted that some conditions must still be met to conclude the transaction. Adtalem is Brazil’s 10th largest private-sector higher education company, with 102,000 enrolled students, which should raise Yduqs’ student base to 678,000.
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