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Latin American Economy & Business - November 2014 (ISSN 1741-7430)
BRAZIL: The rise of Kroton
The Brazilian stock exchange was underwhelmed by the re-election of Dilma Rousseff to another four-year term in office at the end of October. Notoriously, the prices of most shares took a tumble. But the share prices of one company, Kroton, kept motoring ahead. Through mergers and acquisitions as well as organic growth, this Brazilian enterprise has grown to become the largest private education company in the world (measured by total asset value).
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