Anhanguera Educacional Participações S.A. - BM&FBovespa: AEDU3 "Anhanguera" and Kroton Educacional S.A. - BM&FBovespa: KROT3 "Kroton", and jointly with Anhanguera, the "Companies", complementing the joint Material Fact dated April 22, 2013 and June 18, 2013, announce that they have presented to Brazil’s antitrust agency ("CADE" - Conselho Administrativo de Defesa Econômica), on the date hereof, the "Act of Concentration" (Ato de Concentração) related to the Association Agreement.
Anhanguera Educacional (BM&F Bovespa: AEDU3) is the largest private for-profit professional educational company in Brazil by market value and the amount of students, with more than 400.000 students in its education network. The company is the second largest higher education company in the world by number of students, only behind the American company Apollo Group.
Kroton is the third largest private educacional company in Brazil and was founded in 1966 in Belo Horizonte. Operates in all educacional segments for over 45 years, such as preschool, elementary, secondary, adult high school, college preparatory school, free courses, and other related educational activities, as well as higher, professional, and post-graduation education.
Kroton has more than 443 thousand students being 410 thousand in higher, professional, and post-graduation education in 46 campuses located in 9 Brazilian states. Of these 266.800 undergraduates, 143.200 of them are in courses that do not face, transforming the company into the largest in Latin America in undergraduate not face.