Bertelsmann plans merger of Brazil’s Afya and YDUQS to expand education business
Bitget2026/09/24 05:02- Afya agreed to merge with Brazilian higher-education provider YDUQS, creating a group with about EUR 1.6 billion in revenue.
- The combined company would serve more than 900,000 students, including 40,000 in medicine and 440,000 online students.
- The agreed share-exchange implies 69% ownership for Afya holders, 31% for YDUQS holders, leaving Bertelsmann with 47%.
- The merged group will remain listed on B3’s Novo Mercado, with headquarters in Rio de Janeiro.
- Afya CEO Virgilio Gibbon is set to lead the combined company; Bertelsmann Education Group CEO Kay Krafft will be chairman.
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