The Service of the Commission for the Protection of Competition on the 30th of May 2011 received on behalf of the companies Laureate I BV and Medde Holdings Ltd, notification of a proposed concentration according to Article 13 of the Control of Concentrations between Enterprises Law (Number 22(I)/99), concerning the acquisition of Medde Holdings Ltd by Laureate I BV and through this acquisition the gaining of control of A.S. Cyprus College Ltd by Laureate I BV.
Laureate I BV is a company registered in the Netherlands having its headquarters in USA. It is a holding company, part of the Laureate International Universities network that consists of institutions of higher education.
Medde Holdings Ltd is a company registered in Cyprus. It is also a holding company that owns 10% of A.S. Cyprus College Ltd. This share will be acquired by Laureate I BV after the completion of the acquisition.
A.S. Cyprus College Ltd is a company registered in Cyprus, active in the sector of education, having the control of European University Cyprus and Cyprus College.