Johannesburg - Private schooling company Curro Holdings has sold its subsidiary‚ Educatum Management Services Proprietary‚ to
Meridian College Schools for R25m in cash as part of an inter-group
The proceeds of the disposal will be used to settle existing
liability and ongoing working capital requirements‚ Curro said on Wednesday in
At the same time‚ Meridian College Schools has sold its
movable assets and intangible assets to Curro’s subsidiary‚ Campus and Property
Management Company Proprietary‚ for R25m in cash.
The proceeds of the acquisition were utilised by Meridian
College Schools to settle the consideration due to Curro in respect of the
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