7 de junio de 2017 / 20:58 / en 5 meses

Deadline for Brazil review of Kroton-Estácio merger now July 27

SAO PAULO, June 7 (Reuters) - Kroton Educacional SA and Estácio Participações, Brazil’s two largest for-profit education firms, said antitrust agency Cade extended by 30 days the analysis period for the companies’ proposed merger.

In a securities filing on Wednesday, the companies said the date for a final ruling was moved to July 27. Cade is not obliged to use all of the additional time and a ruling could come sooner, Kroton said. (Reporting by Ana Mano; Editing by Cynthia Osterman)

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