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KM Financial Solutions | UPDATE 1-Brazil’s Kroton buys controlling stake in rival Somos for $1.3 bln
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UPDATE 1-Brazil’s Kroton buys controlling stake in rival Somos for $1.3 bln

22 Apr UPDATE 1-Brazil’s Kroton buys controlling stake in rival Somos for $1.3 bln

Posted at 12:55h in News by
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BRASILIA, April 23 (Reuters) – Brazil’s biggest for-profit
education company, Kroton Educacional SA, has agreed
to buy a controlling stake in rival Somos Educação SA
for 4.6 billion reais ($1.34 billion), according to a securities
filing on Monday.

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