Arco, Cogna Reportedly Eye Pearson's Brazilian Learning Business
February 24, 2021 at 09:15 am
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Arco Platform Limited (NasdaqGS:ARCE) and Cogna Educação S.A. (BOVESPA:COGN3) are interested in acquiring Pearson plc (LSE:PSON) 's Brazilian learning business, Valor Economico reported, without citing how it got the information. Pearson acquired the learning business from Brazilian private education group SEB ten years ago for BRL 888 million ($163 million). Pearson declined to comment on “market speculation,” according to a written response.
Arco did not immediately respond to requests for comment.
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.
COGNA EDUCAÇÃO S.A. 
