Brief: Laureate Education And Strategic Education Enter Into Deal For Sale Of Laureate's Australian And New Zealand Operations

Strategic Education

29/07/2020 13:48

July 29 (Reuters) - Laureate Education Inc  LAUR.O :
    * LAUREATE EDUCATION, INC. AND STRATEGIC EDUCATION, INC.
ENTER
INTO DEFINITIVE AGREEMENT FOR SALE OF LAUREATE’S AUSTRALIAN AND
NEW ZEALAND OPERATIONS
    * LAUREATE EDUCATION INC - PURCHASE PRICE IS US$642.7
MILLION
    * LAUREATE EDUCATION  - TORRENS UNIVERSITY, THINK EDUCATION
&
MEDIA DESIGN SCHOOL WILL REMAIN PART OF CO'S NETWORK UNTIL
CLOSING OF TRANSACTION
    * LAUREATE EDUCATION INC - CLOSING OF TRANSACTION IS
EXPECTED TO
OCCUR BY Q1 OF 2021

Source text for Eikon:  ID:nGNX78Nxxr 
Further company coverage:  LAUR.O 

 ((Reuters.Briefs@thomsonreuters.com;))