Laureate Education on Wednesday announced the sale of UniNorte, a university in Brazil, for roughly $50 million. The Baltimore-based global college network also said it has completed the sale of Monash South Africa, a university located in Johannesburg. The company received $7.4 million to complete the sale.

Despite the sale of UniNorte, Laureate said it remains committed to Brazil, where it has a large footprint. The company said that UniNorte is “located in the middle of the Amazon, while all of its other Brazilian operations are along the coast.”

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Laureate Sells Institutions in Brazil and South Africa – Inside Higher Ed

Laureate Sells Institutions in Brazil and South Africa – Inside Higher Ed

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