Afya Limited and Yduqs Participações S.A. Enter Into Merger Agreement
AFYA•Merger agreement details
Sept. 23 (Reuters) - Afya Limited AFYA.O and Yduqs Participações S.A. have entered into a merger agreement.
- Afya is to merge into Yduqs, with Yduqs as the surviving entity.
- The combined company’s shares are to be listed solely on B3 Novo Mercado.
- Afya shareholders are to hold 69.0% of the combined company, while Yduqs shareholders are to hold 31.0%.
- Afya class A shares are to be delisted from Nasdaq.
- The exchange ratio is set at 6.408347 Yduqs shares for each Afya share.
- The proposed deal is to be consummated no later than March 31, 2028.
