Laureate education says to sell brazilian operations to ser educacional

To sell brazilian operations to ser educacional.entered into a definitive agreement with ser educacional s.a. for sale of its brazilian operations.in transaction, laureate will receive r$1.70 billion in cash and 101,138,369 shares of ser educacional.transaction value is approximately r$3.862 billion including assumption of indebtedness, net of cash.coill own approximately 44% of shares of ser educacional, which will be subject to certain voting restrictions.in connection with transaction, ser educacional will seek to list american depositary shares (ads) on a u.s. securities exchange.transaction is targeted to close toward end of 2021.
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