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Anhanguera Offering May Reach R$850M

15 October 2010

(Valor Economico) October 15, 2010 – Anhanguera, a Brazilian-based educational company, has lined up with hopes to realize a public offering this year. The company announced that it will be a primary issue, which could reach up to R$850M (approximately US$510.7M).

Before the offering, the company will convert the preferred shares (without voting rights) to ordinary (voting) and will migrate to the Novo Mercado segment of the exchange, which brings together companies with the highest standards of governance.

Patria’s Fundo de Educação para o Brasil (FEB), will remain the largest shareholder, but will get only 20% of the total capital and voting shares. The fund currently holds 24% of the capital, but controls the company with 63% of the voting shares.

By Silvia Fregoni

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