ABC to sell UK nurseries
By Catherine Gaunt,
Nursery World,
10 July 2008
Busy Bees could be poised to buy back the UK nursery business from its Australia-based parent company ABC Learning Centres.
Last week ABC, the world's largest childcare provider, said it was considering selling its UK nurseries alongside the childcare voucher company and property assets. The voucher business was put up for sale earlier this year as part of a move to rescue the debt-ridden company after it plunged into a shares crisis, which saw A$755m (£360m) wiped off its value in one day (News and Analysis, 6 March, News 13 March). In a statement, ABC said, 'The company has previously advised it was considering selling its...
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