UPDATE 1-Brazil's Kroton mulls all-stock purchase of rival Estacio

June 2, 2016 2:01 PM

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BRASILIA, June 2 Brazil's private education company Kroton Educacional SA said Thursday it was considering an all-stock purchase of rival Estacio Participacoes SA.

Kroton, the world's biggest private education company, said in a securities filing that it had hired Itau BBA and law firm Barbosa Müssnich Aragao to advise on this possible move.

Also read: UPDATE 1-TDC loses major contract with Novo Nordisk to Telenor

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