Vancouver Sun: CIBT Education Group to buy Sprott-Shaw College
A Vancouver-based company that runs 17 post-secondary schools in China announced Monday it will buy Western Canada’s largest and oldest private community college, in an all-cash, $12-million deal.
CIBT Education Group, which is listed on the TSX-Venture exchange, said the transaction will allow it to export Vancouver-based Sprott Shaw Community College’s 140-plus vocational programs to China. At the same time, CIBT will now be able to direct a ready market of its students in China to Sprott’s schools across B.C. Currently, CIBT is sending many of its students in China on to schools in the U.K.
Follow
