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Provider: Reuters Investment Profile
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Abril Educacao SA's Subsidiary Concludes Contract with Grupo Red Balloon

Monday, 12 Nov 2012 06:30am EST 

Abril Educacao SA announced that, following information disclosed to the market on July 20, 2012, on November 12, 2012 its subsidiary, CAEP - Central Abril Educacao e Participacoes Ltda (CAEP), concluded an operation as agreed in the contract signed with Grupo Red Balloon, totaling an investment of BRL 32,640,000, of which BRL 29,580,000 is for the purchase of Grupo Red Balloon’s shares and the resting BRL 3,060,000 for the subscription of new shares by CAEP. Subsequently, CAEP became a controlling shareholder of Red Balloon. 

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