Bertelsmann Explores Increasing Stake in Afya
Retrieved on:
Monday, March 7, 2022
Technology, Other Communications, Other Technology, Communications, Software, Training, General Health, University, Health, Education, Penguin Random House, BMG, Student, Arvato, Bertelsmann Printing Group, International, Entrepreneurship, Esteves, CEO, Association, RTL Group, Physician, Creativity, Publishing, Bertelsmann, Bertelsmann, Afya, Bertelsmann, Afya, BERTELSMANN, AFYA
Afya Limited, or Afya (Nasdaq: AFYA), today announced that it was notified that Nicolau Carvalho Esteves and Rosngela de Oliveira Tavares Esteves, or the Esteves family, have made a binding offer to sell 6,000,000 Class B common shares of Afya at the purchase price of US$26.90 per share to an affiliate of Bertelsmann SE& Co. KGaA, or Bertelsmann.
Key Points:
- Afya Limited, or Afya (Nasdaq: AFYA), today announced that it was notified that Nicolau Carvalho Esteves and Rosngela de Oliveira Tavares Esteves, or the Esteves family, have made a binding offer to sell 6,000,000 Class B common shares of Afya at the purchase price of US$26.90 per share to an affiliate of Bertelsmann SE& Co. KGaA, or Bertelsmann.
- If the transaction proceeds, following the transaction, Bertelsmann and the Esteves family will beneficially own 57.5% and 33.1% voting interest, and 31.0% and 17.8% of the total shares respectively, in Afya.
- Afya was notified that if Bertelsmann accepts the offer, the Esteves family and Bertelsmann have agreed to amend Afyas articles of association and the current shareholders agreement between Bertelsmann and the Esteves family in order to allow Bertelsmann to consolidate its investment in Afya under International Financial Reporting Standards as a controlling shareholder.
- Virglio Gibbon, CEO of Afya, noted that We are delighted that Bertelsmann, one of the worlds leading media companies with a significant footprint in the education sector, has evidenced its commitment to Afyas long-term strategy through its evaluation of increasing its stake.