São Paulo (Archyde.com) – UAE state-run investment company Mubadala said in a statement it has acquired controlling stakes in two medical universities in Brazil.
Mubadala acquired the two medical universities from the Ready Uni FTC Educational Group in the northeastern state of Bahia, and has regarding 2,000 students. ReadyOne FTC will retain a minority stake in the two universities following the deal.
The value of the agreement was not disclosed. Thiago Sayao, the former head of Adtalim Global Education in Brazil, is the CEO of a new company that brings together the two universities.
(Prepared by Mustafa Saleh for the Arabic Bulletin)
