Pearson invests $720 million in Brazil in English Education


Pearson Education LogoThe British Pearson group is buying Grupo Multi, the largest provider of private language education in Brazil, in a major move into education in South America.

Peason will pay $720 million in cash to buy the company which currently has over 800,000 students and last year posted a profit of almost $70 million. This in a country with around 25% living below the poverty line.

Some see this as a move to offset the fall in education profits in Europe and the US due to a faltering economy.

Pearson will use the purchase to push its Wall Street brand of schools in the country.

Useful Links

Teaching English in Brazil‏‎

Pearson ESL‏‎

Wall Street Institute

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