Afya limited (nasdaqgs:afya) agreed to acquire uniredentor - sociedade universitÁria redentor for approximately brl 230 million.

Afya limited (nasdaqgs:afya) agreed to acquire uniredentor - sociedade universitÁria redentor for approximately brl 230 million on november 4, 2019. the aggregate purchase price was brl 225 million, of which: (i) brl 125 million will be paid in cash as of the closing date, and (ii) brl 20 million is payable in five equal installments through june 2024, adjusted by the cdi rate. in 2018, uniredentor - sociedade universitÁria redentor’s gross revenue totaled brl 108 million. the transaction is subject to antitrust regulatory approval. the transaction is expected to close in january 2020, when the price will be adjusted by net debt. lobo de rizzo advogados acted as legal advisor for afya limited.
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