EDUCACIONAIS S.A. ("SABER") and SOMOS EDUCAÇÃO S.A. ("SOMOS"), further to the recent communications related to the acquisition of the shareholding control of SOMOS by SABER ("Transaction"),
hereby inform that, on the date hereof, the certificate has been issued by the General Superintendence of the Administrative Council of Economic Defense ("CADE") confirming the final and unappealable decision of CADE's General Superintendence in approving the Transaction without restrictions.
The Transaction remains subject to other conditions precedent set forth in the Share Purchase Agreement and Other Covenants executed on April 23, 2018 ("Agreement").
The shareholders and the market in general will be kept informed of any relevant developments to the facts hereby disclosed.
São Paulo, September 19, 2018.
Carlos Alberto Bolina Lazar
Daniel Cordeiro Amaral
Officer of Investor Relations of
Chief Financial and Investor Relations Officer of
Kroton Educacional S.A., Saber Serviços
Somos Educação S.A.
Educacionais S.A. and Somos Educação S.A.
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Kroton Educacional SA published this content on 19 September 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 19 September 2018 13:57:04 UTC
Cogna Educacao SA, formerly Kroton Educacional SA, is a Brazil-based company active in the private education sector. The Company focuses on developing primary and secondary schools, post-secondary and undergraduate programs, as well as vocational courses. The Company's activities are divided into three business segments: In-class higher education, which offers port-secondary programs on campus; Distance learning higher education (EAD), which provides port-secondary programs via online platform, and Basic education, which includes own and managed primary schools, collection and development of teaching materials, school management advisory, as well as educational support tools, among others. The Company operates a number of brand names, such as Anhanguera, Fama, Pitagoras, Unic, Unime and Unopar. In addition, it is involved in the wholesale, retail, distribution, import and export of textbooks, course books, magazines and other publications related to education.