Stadio to pay extra R226m for CA Connect by April next year
The sales price of the education business has climbed sevenfold amid better-than-expected student numbers
03 June 2021 - 11:40
Private higher education group Stadio says it has reached an agreement to settle the increased purchase cost of its new accounting business, CA Connect, early.
The group, a former subsidiary of Curro Holdings, had originally paid R32.3m for CA Connect in 2018, along with a further agreement subject to its profit performance. The total cost has now risen more than sevenfold to R258.3m as student numbers picked up faster than expected...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.