American Betting on Brazil Education

US educational operator Laureate Education has entered into an alliance with Brazilian university chain FMU, FMU says. Neither party has officially made an announcement calling the transaction a sale, but FMU says the alliance must be approved by Brazilian antitrust regulators. Reports in the Brazilian press suggest terms could be announced as soon as this week. FMU has 90,000 students and annual revenue of BRL450m. Laureate has been in Brazil since 2005, when it acquired control of Anhembi Morumbi.