Cogna Educação S A : Material Fact - Response to the Valor Econômico
January 07, 2021 at 06:04 pm IST
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COGNA EDUCAÇÃO S.A.
SABER SERVIÇOS EDUCACIONAIS S.A.
CNPJ no. 02.800.026/0001-40
CNPJ/ME no. 03.818.379/0001-30
NIRE 31.300.025.187
NIRE 31.300.121.445
Public Corporation Category A
Public Corporation Category B
MATERIAL FACT
COGNA EDUCAÇÃO S.A. (B3: COGN3; OTCQX: COGNY) ("Cogna") and SABER SERVIÇOS EDUCACIONAIS S.A. ("Saber"), with due observance to Paragraph 4 of Article 157 of Law no. 6.404/76 ("Corporate Law"), to the regulation of the Brazilian Securities Commission, Comissão de Valores Mobiliários - CVM ("CVM"), to CVM Instruction no 358, dated as of January 3, 2002, as amended, in view of news article published today at newspaper Valor Econômico, hereby inform their shareholders and the market in general that they are currently negotiating a potential transaction involving the purchase and sale of certain educational assets between Eleva Educação S.A. ("Eleva"), on one side, and direct or indirect affiliates of Cogna, on the other side ("Transaction").
The Transaction may encompass the sale of certain schools controlled directly or indirectly by Saber to Eleva, as well as the sale of learning system by Eleva to Somos Sistemas de Ensino S.A., an affiliate of Cogna and of Vasta Platform Limited.
Cogna and Saber inform that no binding agreements regarding the Transaction have been signed and there is no assurance that an agreement will be reached among the parties.
Belo Horizonte, January 07, 2021.
Bruno Giardino Roschel de Araújo
Investor Relations Officer of
Cogna Educação S.A. and Saber Serviços Educacionais S.A.
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Cogna Educacional SA published this content on 07 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 January 2021 12:33:00 UTC
Cogna Educacao SA, formerly Kroton Educacional SA, is a Brazil-based company active in the private education sector. The Company focuses on developing primary and secondary schools, post-secondary and undergraduate programs, as well as vocational courses. The Company's activities are divided into three business segments: In-class higher education, which offers port-secondary programs on campus; Distance learning higher education (EAD), which provides port-secondary programs via online platform, and Basic education, which includes own and managed primary schools, collection and development of teaching materials, school management advisory, as well as educational support tools, among others. The Company operates a number of brand names, such as Anhanguera, Fama, Pitagoras, Unic, Unime and Unopar. In addition, it is involved in the wholesale, retail, distribution, import and export of textbooks, course books, magazines and other publications related to education.
COGNA EDUCAÇÃO 
