SAO PAULO (Reuters) - Adtalem Global Education Inc and Brazilian for-profit education company Yduqs (YDUQ3.SA), formerly known as Estacio Participacoes SA, confirmed on Wednesday they are in talks over Adtalem’s operations in Brazil.
In a securities filing, Adtalem said it is in active negotiations with the Brazilian company for a potential sale of its operations in Brazil, but added there is no assurance that a binding agreement will be reached. Yduqs said it is always considering acquisitions.
On Tuesday, Reuters reported Yduqs was in exclusive talks with Adtalem, whose assets could fetch at least 2 billion reais ($478.51 million).
Reporting by Gabriela Mello, editing by Louise Heavens and Nick Macfie