Mergers & Acquisitions ·
Major shareholders sign voting commitment agreement supporting proposed Afya-YDUQS merger with penalties up to BRL 325 million for breach
AFYAAfya Ltd
Afya Limited filed a 6-K to disclose Exhibit 99.1, a Voting Commitment Agreement dated September 23, 2026, entered into by major shareholders of Afya and YDUQS Participações S.A. The agreement secures shareholder support for the proposed merger of Afya into YDUQS, which is expected to create a broader education group. Key parties include Rose FIP, Chaim Zaher, Bertelsmann, and the Esteves Family. The agreement imposes voting obligations, exclusivity periods, and significant compensatory penalties for breaches, including BRL 100 million for YDUQS shareholders and up to BRL 325 million for Bertelsmann if they fail to vote in favor of the merger or violate transfer restrictions. Afya Limited operates in the education technology sector.