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Article: Banks ready ABC centres for sell-off.
- Article from:
- Australasian Business Intelligence
- Article date:
- July 8, 2009
CopyrightCOPYRIGHT 2009 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Nabila Ahmed and James Chessell
Jul 08, 2009 (The Australian Financial Review - ABIX via COMTEX) -- McGrath Nicol is expected to sell ABC Learning Centres' 720 profitable child care facilities as a single business. The centres, which are likely to sell to a private equity group or rival child care operator, represent around 20% of the Australian day care sector. ABC collapsed in November 2008 with debts totalling $A1bn.
Publication Date: 9 July 2009
ABC LEARNING CENTRES LIMITED - ASX ABS
McGRATH NICOL AND PARTNERS SERVICES PTY LTD
COMMONWEALTH BANK OF ...