FLORIANPOLIS, Brazil, Sept. 05, 2023 (GLOBE NEWSWIRE) — Vitru Limited (Nasdaq: VTRU) (Vitru) today announced that on September 4, 2023, its board of directors has approved a corporate restructuring proposal, subject to the approval of its shareholders. If approved, the proposal would merge Vitru into its wholly-owned subsidiary, Vitru Brasil Empreendimentos, Participaes e Comrcio S.A., a Brazilian corporation (sociedade annima) (Vitru Brazil), pursuant to which Vitru Brazil would be the surviving entity and would become the new holding company for the Vitru group.
Pursuant to the merger, all the outstanding common shares of Vitru would be exchanged for common shares of Vitru Brazil, and as a result, the share ownership of Vitru Brazil w…
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