• Decrease font
  • Increase font
  • Send to a friend
  • Click here to bookmark this page

    You don't have any bookmarks in our website. To choose your favorite sessions, please click here.

  • Print

Notice to the Market - CADE Approval for Acquisition of
Centro Universitário do Norte (UNINORTE)

Recife, October 24, 2019, Ser Educacional S.A. ("Company") (B3 SEER3, Bloomberg SEER3:BZ and Reuters SEER3.SA), one of the largest private education groups in Brazil and the leader in the Northeast and North regions, hereby informs its shareholders and the market in general that the General Superintendence of the Administrative Council for Economic Defense ("CADE") has been issued a certificate approving, without restrictions, the acquisition of 100% of the share capital of SODECAM - Sociedade de Desenvolvimento Cultural do Amazonas Ltda., Maintainer of the Centro Universitário do Norte (UNINORTE) ("Society"), headquartered in Manaus-AM, by the Centro Nacional de Ensino Superior Ltda. ("CENESUP"), a subsidiary of Ser Educacional S.A. ("Company"), pursuant to the Agreement for the Transfer of Quotas and Other Covenants ("Agreement") entered into by the parties on April 16, 2019.

The effective transfer of the interest to the Company and the financial settlement of the acquisition amount are still subject to the fulfillment of certain conditions precedent that are commonly applicable in this type of transaction, contained in the transaction documents.

The Company will keep its shareholders and the market in general informed of the next steps of the Acquisition, including compliance with the aforementioned conditions.

To access full document, click here.