Yduqs CEO Sees M&A in Brazil’s Education Sector Over Long Term

One of Brazil’s biggest education companies expects consolidation in the sector within the next several years.

“Within five years it’s unlikely that there won’t be a big movement,” Eduardo Parente, chief executive officer of Yduqs Participações, said Wednesday in an interview during Bloomberg New Economy at B20 in São Paulo, talking about the sector in general.

M&A speculation has gained momentum in recent weeks after Valor Economico reported that Yduqs and its biggest competitor, Cogna Educação, are in talks about potentially combining businesses. Antitrust regulators rejected a merger attempt seven years ago over concerns that it would ...