Pitched as a deal to help it scoop up rivals reeling from the Covid-19 economic contagion and pay down debt, private schools group Curro Holdings plans to ask shareholders for R1.5bn via the sale of new shares.
Curro, majority owned by SA investment heavyweight PSG Group, has been growing fast since its launch in 1998 as parents frustrated with under-resourced and over-crowded public schools boost demand for private education.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
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