Wednesday, December 27, 2017

Laureate to sell Chinese university for $218.5M

Laureate Education Inc. is selling its majority stake in a Chinese university as the company continues its push to become more efficient. Baltimore-based Laureate’s subsidiary in China will sell its 70 percent interest in Hunan International Economics University for $218.5 million to a subsidiary of China YuHua Education Corp. Ltd. The deal is expected to close on Dec. 29. The sale also includes Hunan Lie Ying Mechanic School, Hunan Lie Ying Property Management Co. Ltd. and Hunan International…



from https://www.bizjournals.com/baltimore/news/2017/12/27/laureate-to-sell-chinese-university-for-218-5.html?ana=RSS&s=article_search
via http://baltimorecheckbook.tumblr.com/post/169006089047

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