Gloves are off as Curro pursues AdvTech

A Curro campus. File picture: Independent Media

A Curro campus. File picture: Independent Media

Published Jul 28, 2015

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Johannesburg - Private education group Curro Holdings is going for the jugular in its protracted takeover bid of AdvTech, dismissing claims yesterday of any ambiguity in its strategy regarding the ethos, values, brand names and norms of its schools.

Curro’s unsolicited and subsequently thwarted R6 billion bid for AdvTech is degenerating into a war of words.

Curro’s chairman Chris van der Merwe said yesterday that if the shareholders of AdvTech were not in favour of such a transaction, Curro would respect their view, but was confident that “together we can develop independent schools into a continental champion, should AdvTech shareholders support the proposed transaction”.

AdvTech shares gained 1.15 percent at R12.29. Curro rose 1.18 percent at R34.20.

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