VET vocation limited
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News: Vocation continues asset sales

  1. FNN News
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    20/03/15
    09:10
    Post #: 14947934
    .

    Troubled education and training company Vocation Limited (ASX:VET) will sell the Endeavour Learning Group for up to $75 million as it progresses a major strategic review.
     
    The company has also completed the sale of the Australian School of management and the Australian College of Applied Education.
     
    The $15 million sale forms part of a debt reduction program in a bid to reshape the company.
     
    Earlier in the year it was announced that CEO Mark Hutchinson would resign.
     
    Vocation reported a net loss of $273 million in the first half of the 2015 financial year.
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