DeVry to Purchase Brazilian Higher Ed Provider

March 11, 2009

DeVry Inc. says it has agreed to purchase a majority stake in a private higher education provider that operates three universities with a total of five campuses in Brazil. DeVry, an Illinois company whose holdings include DeVry University and Ross University, will purchase 69 percent and eventually up to 82 percent of Fanor, whose three universities educate about 10,000 students in northeastern Brazil.

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