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ABC to sell UK nurseries

Busy Bees could be poised to buy back the UK nursery business from its Australia-based parent company ABC Learning Centres.

Last week ABC, the world's largest childcare provider, said it was considering selling its UK nurseries alongside the voucher company and property assets.

The voucher business was put up for sale earlier this year as part of a move to rescue the debt-ridden company after it plunged into a shares crisis, which saw A$755m (£360m) wiped off its value in one day (News and Analysis, 6 March, News 13 March).

In a statement ABC said, 'The company has previously advised it was considering selling its property assets in the UK. In addition, the company is now considering selling the UK nurseries business and the UK property assets in a single transaction.

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