Laureate Education to sell university in Morocco

|About: Laureate Education (LAUR)|By:, SA News Editor

Laureate Education (NASDAQ:LAUR) says it struck a deal to sell the Université Internationale de Casablanca to KMR Holding Pedagogique for an undisclosed amount.

The university located in Morocco has 7.5K students spread across Marrakech, Casablanca and Daka.

Macquarie Capital acted as exclusive financial advisor to Laureate Education on the deal.

Source: Press Release