Brazil's Afya to Acquire Rival Yduqs - LatinFinance
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5 Articles
Far from the headquarters in Gütersloh, the media group Bertelsmann is celebrating successes: in Brazil, he is now the main shareholder in the largest educational provider.
The company merges its medical university group with a competitor in Brazil. The education business becomes "a supporting pillar", says CEO Thomas Rabe.
Semester abroad: Media group Bertelsmann merges its Brazilian educational subsidiary Afya with the university operator YDUQS. This creates an educational company with 900,000 students and a total turnover of 1.6 billion euros. Gütersloher will hold 47 % of the company in the future. The former Afya CEO Virgilio Gibbon will lead the education group. Bertelsmann Education Director Kay Krafft will take over the chair of the Board of Directors. Bert…
After the merger of RTL and Sky and the merger of the music subsidiary BMG and Concord, Bertelsmann CEO Thomas Rabe joins Brazil this time. With the acquisition of YDUQS, he continues to expand the Group's education business and thus strengthens the company's fifth business segment.
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