Brief: Vitru Limited Enters Into A Definitive Agreement For The Business Combination With Unicesumar

Vitru

23/08/2021 22:36

Aug 23 (Reuters) - Vitru Ltd  VTRU.O :
    * VITRU LIMITED ENTERS INTO A DEFINITIVE AGREEMENT FOR THE
BUSINESS COMBINATION WITH UNICESUMAR
    * VITRU LTD - ENTERPRISE VALUE OF UNICESUMAR IS EQUIVALENT
TO
R$3,228 MILLION, OR AN EQUITY VALUE OF R$3,150 MILLION
    * VITRU LTD - AT CLOSING DATE, 62.9% OF EQUITY VALUE WILL BE
PAID
IN CASH AND 19.4% WILL BE PAID THROUGH ISSUANCE OF NEW VITRU
SHARES
    * VITRU LTD - HAS SECURED A FIRM CREDIT LINE FROM LEADING
BRAZILIAN BANKS IN AN AGGREGATE AMOUNT OF R$1.95 BILLION
(FIVE-YEAR FINANCING) FOR TRANSACTION
    * VITRU LTD - WILSON MATOS, DEAN AND CHAIRMAN OF UNICESUMAR,
WILL
BECOME CHANCELLOR AND VICE-CHAIRMAN OF VITRU'S BOARD
    * VITRU LTD - WILLIAN MATTOS, HEAD OF DISTANCE LEARNING AT
UNICESUMAR, WILL BE NAMED CO-CEO OF VITRU

Source text for Eikon:  ID:nGNXyh9tX 
Further company coverage:  VTRU.O 

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