Anhanguera Falls as Brazil Criticizes Courses: Sao Paulo Mover
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Anhanguera Educacional Participacoes SA, Brazil’s second-largest education company by market value, fell after the government said it may bar students from enrolling in courses it determined to be low performing.
Shares fell 2.5 percent to 34.50 reais at the close of trading in Sao Paulo, the steepest decline since Dec. 3. Competitor Estacio Participacoes SA lost 1.2 percent to 40 reais and Kroton Educacional SA rose 0.2 percent to 46.50 reais after earlier falling as much as 2.9 percent. The Bovespa Small Cap index rose 0.4 percent.