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Article: Trader junks offer for ABC Learning.
- Article from:
- Australasian Business Intelligence
- Article date:
- November 5, 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: Natasha Bita
Nov 05, 2009 (The Australian - ABIX via COMTEX) -- Unions representing child care staff want the Australian Government to vet the eventual buyer of 705 facilities of the collapsed ABC Learning Centres group. The frontrunners now are private equity firm Archer Capital and a charities consortium headed by Mission Australia, after Singaporean suitor Knowledge Universe decided to no longer take part in the bidding. ABC receiver McGrathNicol hopes to finalise the transactions before the end of 2009.
Publication Date: 6 November 2009