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ARCE - Arco Platform News Story

$28.09 -2.4  -8.0%

Last Trade - 14/04/21

Sector
Industrials
Size
Mid Cap
Market Cap £1.28bn
Enterprise Value £1.18bn
Revenue £127.5m
Position in Universe 2325th / 6848

UPDATE 1-Arco, Cogna bidding for Brazilian learning systems owned by Pearson- report

Wed 24th February, 2021 1:33pm
(Adds Pearson declining to comment)
    SAO PAULO, Feb 24 (Reuters) - Brazilian education companies
Arco Platform Ltd  ARCE.O  and Cogna Educacao SA  COGN3.SA  are
interested in acquiring the Brazilian learnings systems owned by
Pearson PLC  PSON.L  , Valor Economico reported, without citing
how it got the information.
    Pearson acquired the learning systems from Brazilian private
education group SEB ten years ago for 888 million reais ($163
million). Arco and Cogna did not immediately respond to requests
for comment. Pearson said it would not comment on "market
speculation".

($1 = 5.4399 reais)

 (Reporting by Tatiana Bautzer, editing by Louise Heavens)
 ((tatiana.bautzer@tr.com; Tel: +55-11-5644-7756; Mob:
+55-119-4210-4173; Reuters Messaging:
tatiana.bautzer.thomsonreuters.com@reuters.net))
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