STXNEWS LATAM-Brazil's Abril Educação announces second buyout this week

Fri Jul 5, 2013 7:18pm EDT

Abril Educação SA, a Brazilian learning systems company, will buy an education group in the northern city of Recife for 103 million reais ($45.56 million), delving deeper into the primary education business, it said on Friday.

On Thursday Abril announced the purchase of Brasilia-based Centro Educacional Sigma for 130 million reais. A wave of buyouts is sweeping the country's education sector.

($1 = 2.26 Brazilian reais)

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