EVO Announcement: Acquisition of 5 childcare centres in ACT, Australia

On 9 December 2019, listed New Zealand and Australian childcare and education centre operator Evolve Education Group Limited (NZX/ASX: EVO) announced the proposed acquisition of five childcare centres in the Australian Capital Territory. These were conditional on satisfactory due diligence and settlement was expected to occur on or about 31 March 2020.

Due to several factors including the impact of Covid-19, none of these acquisitions were able to be completed by the sunset date of 8 April 2020 and will now not proceed.

EVO will however continue to evaluate Australian childcare centre acquisition opportunities as these arise.

Source: Evolve Education Group

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

PCT - Precinct FY26 Annual Results
PYS - Mark Samlal retires as PaySauce Director
HGH - Heartland confirms receipt of Toi Foundation approval
SCT - Scott Targets NZ$165m in Protein Revenue by FY30
KPG - Kiwi Property FY27 first quarter dividend payment
August 25th Morning Report
CNU - Board change, closing date for director nominations, & ASM
PFI - PFI Announces FY26 Annual Results
August 24th Morning Report
SKL - Shareholder Register Release