Oct 14 (Reuters) - Arowana International Ltd (AWN) :
- Arowana International Ltd - proposed acquisition of evolution academy-AWN.AX
- AWN and Everthought Academy Holdings Pty Limited, signed a share sale agreement
- AWN has agreed to purchase all of issued share capital of evolution academy for a maximum purchase price of $8 million
- Signed a share sale agreement with Evolution Road Maintenance Group Limited and Evolution Traffic Control Pty Limited
- Proceeds of sale from transaction will be utilised by ERMG to pay down existing debt facilities
- Deal to acquire all of issued share capital in ERMG's wholly owned subsidiary, Evolution Academy Pty Ltd
