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Valinhos, May 18, 2011 - Anhanguera Educacional Participações S.A. ("Company"), in accordance with Article 157, Paragraph 4 of Law 6,404/76 and CVM Instruction 358/02, announces to shareholders and the general market that it acquired, on May 17, 2011, through its subsidiary Anhanguera Educacional Ltda. 100% of the capital of (i) Sociedade Educacional de Belo Horizonte Ltda. (“SBH”), the controlling institution of Faculdade Metropolitana de Belo Horizonte (“ESN”); and (ii) Praetorium, Instituto de Ensino, Pesquisa e Atividade de Extensão em Direito Ltda. (“Praetorium” and, together with SBH, the “ Companies”).
The total value of the transaction was R$ 40,278,000.00 (forty million, two hundred seventy-eight thousand Reais), including (i) R$ 33,532,060.00 (thirty-three million, five hundred thirty-two thousand, sixty Reais) for 100% of Companies’ quotas, with one installment equivalent to 91% of the total, paid at the time of closing, and a second installment to be paid within 2 years of the transactions closing date; and (ii) 6,745,940.00 (six thousand, seven hundred forty-five thousand, nine hundred and forty Reais) regarding Companies’ net debt.
The Companies have together 6,713 (six thousand, seven hundred and thirteen) students enrolled in on-site undergraduate and graduate programs in their campuses, located in the city of Belo Horizonte, and in preparatory and graduate programs in learning centers.
The acquisition marks the strengthening of the Company’s position in law courses - preparatory and graduate programs - as well as of its law faculty, while it also expands the Company’s presence in the Belo Horizonte Metropolitan Area.
In view of the fact that on March 31, 2010, the Company‘s net book value was R$ 2,051,556,000.00 (two billion, fifty-one million, five hundred and fifty-six thousand), these acquisitions do not constitute a relevant investment for Anhanguera Educacional Participações S.A., in accordance with Item I, Article 256 of Federal Law 6,404/76. However, we clarify that the analysis of the applicability of Item II, Article 256 of Law 6,404/76 depends on the preparation of an appraisal report, which has not yet been concluded.
Thus, the Company’s shareholders shall be informed in due course whether a resolution taken by the General Meeting will be necessary in order to approve the acquisition, as well as about the possibility that dissenting shareholders exercise the right to withdraw and the conditions for such, in compliance with the provisions in article 256 of Law no. 6,404/76.
About Anhanguera Educacional Participações S.A.
Anhanguera Educacional Participações S.A. is the largest private for-profit education institution in Brazil, with over 550 locations in all Brazilian states and the Federal District, offering more than 90 undergraduate and associate degree programs in the fields of business administration, law, engineering, health and other applied social sciences, as well as graduate and extension programs. The majority of its students are young adults from the middle and lower middle income segments who work during the day and study at night, a segment not fully served by education institutions in Brazil. The Company is committed to offering high-quality education to help these young workers attain the educational qualifications required by the labor market and improve their prospects for career development. Anhanguera Educacional is listed on the Novo Mercado special corporate governance segment of the BM&FBovespa S.A. - Securities, Commodities and Futures Exchange and trades under the symbol “AEDU3".