UNESPAUnión Española de Entidades Aseguradoras y Reaseguradoras
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The Agreement envisages total payment of R$10 million to Metodista Bennet in two installments, the first of which, totaling R$1 million, to be deposited in a UNESPA escrow account in up to 15 days as of signature of the Agreement; and the remainder on the closing of the operation.
The closing of the operation and the effective assignment of the Maintenance of the University Center to UNESPA is subject to compliance with certain conditions precedent, common to this type of transaction, including approval by the Brazilian Antitrust Agency - CADE and approval of the Assignment of Maintenance by the MEC.
All variables related to the driving zone are based on the definition that is given by UNESPA (the Spanish association of insurance companies).