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Press release content from Globe Newswire. The AP news staff was not involved in its creation.

Press release content from Business Wire. The AP news staff was not involved in its creation.

SAO PAOLO, Brazil, May 27, 2021 (GLOBE NEWSWIRE) -- Vasta Platform Limited (NASDAQ:VSTA) today announced the acquisition, through its wholly-owned ...

Provided by Business Wire Arco Reports First Quarter 2021 Results Arco delivers healthy operating results in 1Q21, with net revenue 27% higher YoY, and adjusted EBITDA margin of 35.7% Arco Platform Limited, or Arco or Company (Nasdaq: ARCE), today reported financial and operating results for the first quarter ended March 31, 2021. “We delivered solid operating results in the first quarter of 2021 and we are encouraged by the early results from our sales cycle for the 2022 school year, as we once again benefit from industry-leading results from our partner schools at the n...

Company”) (NASDAQ: VSTA) today announced the execution by its subsidiary, Somos Sistemas de Ensino S.A. (“ Somos Sistemas”), of a Sale and Purchase Agreement to acquire (the “ Acquisition”), subject to certain conditions precedent, Editora Eleva S.A. (“ Editora Eleva”), a K-12 education platform provider, from Eleva Educação S.A. (“ Eleva”). As consideration for the Acquisition, Vasta will pay a purchase price amounting to R$ 580 million, subject to certain price adjustments, in installments over a 5-year period (each installment adjusted by the positive variation of the ...