Pearson in talks on Chinese schools
By Roger Blitz in London
Published: May 4 2008 19:24 | Last updated: May 4 2008 19:24
Pearson, publisher of the Financial Times, is in advanced talks about acquiring a chain of private schools in Shanghai, the first time it would own an education institution anywhere in the world.
Although the size of the deal for LEC is low – its 15 schools made revenues of less than $10m – it offers a way of entering the heavily regulated Chinese education market.
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