ABS a.b.c. learning centres limited

groves to meet deadline

  1. YStrategy
    10,919 Posts.
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    17/03/08
    21:30
    Post #: 3480383
    ABC Learning Centres believes it will meet a deadline for the sale of a 60% holding in its US business to Morgan Stanley Private Equity. The deal, which will provide the Australian child care group with $A750m to repay debts, has adeadline of 24 March 2008. ABC had $A1.67bn in net debt at the end of 2007, the result of rapidly expanding its operations including three US acquisitions worth$US550m. ABC has also announced plans to sell its child care vouchers business in Great Britain




    ABS Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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