Brazil’s antitrust watchdog approves acquisition of Grupo Athenas by Yduqs

Industry:    2020-07-22

Brazilian education company Yduqs Participacoes SA said on Tuesday that local antitrust watchdog CADE has approved its acquisition of smaller rival Grupo Athenas, according to a securities filing.

“The transaction is approved from a regulatory point of view, with its conclusion still subject to the fulfillment of other precedent conditions common to this type of operation,” Yduqs, formerly known as Estacio Participacoes SA, said.

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