BRASILIA Jan 9 Brazilian for-profit education
provider Ser Educacional said on Monday it has
launched a new share buyback program to purchase up to 2.95
million common shares over the next year.
The company said in a statement that the new program will
run until Jan. 9, 2018.
The statement added the board believed the financial health
of the company meant the buyback could be carried out without
any impact to its payment of debts or dividends.
The share repurchases will be handled by the brokerages of
BTG Pactual CTVM and Santander Corretora de Câmbio e Valores
(Reporting by Stephen Eisenhammer; Editing by Lisa Shumaker)