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
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...