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Cogna confirms M&A talks with Eleva


Cogna confirms M&A talks with Eleva
Cogna confirms M&A talks with Eleva
January 8, 2021
Brazilian private education company could buy high schools and sell teaching materials in the deal
M&AEquityBrazil
Brazilian private education company Cogna Educação has confirmed that it is in talks with local rival Eleva Educação to buy and sell certain assets.
Cogna could sell schools owned by its subsidiary Saber Educação to Eleva, while Eleva could buy teaching material assets from Cogna. Eleva could also sell a learning system to Somos Educação, another Cogna subsidiary, Belo Horizonte-based Cogna said in a securities filing on Thursday. ....

Cogna Educa , Eleva Educa , Saber Educa , Somos Educa , Belo Horizonte Based Cogna , சபெற் கல்வி , சோமோஸ் கல்வி ,

Brazil's Cogna in talks with Eleva to buy and sell assets - filing


By Reuters Staff
1 Min Read
SAO PAULO, Jan 7 (Reuters) - Brazilian listed education company Cogna Educação SA has confirmed media reports of talks with Eleva Educacao SA to buy and sell certain assets, according to a securities filing on Thursday.
The deal would involve the potential sale to Eleva of schools owned directly or indirectly by Cogna, as well as the acquisition by Cogna of an education system owned by Eleva, which is backed by Brazilian billionaire Jorge Paulo Lemann. (Reporting by Ana Mano Editing by Mark Potter) ....

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