ABC Learning Centres believes it will meet a deadline for the sale of a 60% holding in its US business to Morgan Stanley Private Equity. The deal, which will provide the Australian child care group with $A750m to repay debts, has adeadline of 24 March 2008. ABC had $A1.67bn in net debt at the end of 2007, the result of rapidly expanding its operations including three US acquisitions worth$US550m. ABC has also announced plans to sell its child care vouchers business in Great Britain
ABS
a.b.c. learning centres limited
