Bertelsmann plans merger of Brazil’s Afya and YDUQS to expand education business
Afya agreed to merge with Brazilian higher-education provider YDUQS, creating a group with about EUR 1.6 billion in revenue. The combined company would serve more than 900,000 students, including 40,000 in medicine and 440,000 online students. The agreed share-exchange implies 69% ownership for Afya holders, 31% for YD