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Baltimore-based Laureate Education announced earlier this week they had reached an agreement with Eurazeo, a European investment company, to sell Glion Institute of Higher Education and Les Roches International School of Hotel Management for $384 million.

Glion is a hospitality business institution with campuses in Switzerland and London that enroll about 2,000 students. Les Roches has campuses in Chicago, Jordan, Shanghai, Switzerland and Spain, which enroll about 2,900 students.

The sale of both institutions is subject to regulatory and accreditor approval.

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