Tranche Update on Laureate Education, Inc.'s Equity Buyback Plan announced on November 5, 2020.
August 05, 2021 at 07:17 am EDT
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From April 1, 2021 to June 30, 2021, the company has repurchased 7,548,000 shares, representing 3.86% for $105.67 million. With this, the company has completed the repurchase of 22,365,000 shares, representing 11.01% for $316.2 million under the buyback announced on November 5, 2020.
Laureate Education, Inc. operates a portfolio of degree-granting higher education institutions (Laureate International Universities network) in Mexico and Peru. Laureate International Universities network offers a range of undergraduate and graduate degrees through campus-based, online and hybrid programs. It has approximately 450,000 students enrolled at five institutions with over 50 campuses. It has two segments: Mexico and Peru. It owns Universidad del Valle de Mexico (UVM) and Universidad Tecnologica de Mexico (UNITEC) in Mexico. It also owns Universidad Peruana de Ciencias Aplicadas (UPC), Universidad Privada del Norte (UPN) and CIBERTEC institution in Peru. Its institutions in Mexico and Peru offer traditional higher education students a private education alternative, with multiple brands and price points in each market and program. The Company offers various programs, including medicine and health sciences, engineering and information technology, and business and management.
LAUREATE EDUCATION, INC. 
