Bertelsmann announced that it has combined its education activities into a separate business unit, Bertelsmann Education Group. Kay Krafft leads the unit as CEO, Jarek Gabor serves as CFO.
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German media, services and education company Bertelsmann has acquired a 40% stake in Brazilian corporate training provider Affero Lab. The World Bank Group’s subsidiary International Finance Corporation also participated in the deal and now holds a 30% in the company.
Terms of the deal have not been disclosed, but Bertelsmann has the option to become the majority shareholder in the future.