Harbour Asset trims Intueri stake after education group anounces Australia exit, strategic review

Tue, 07 Feb 2017

By Sophie Boot Feb. 7 (BusinessDesk) - Harbour Asset Management has sold down its stake in Intueri Education Group, ceasing to be a substantial shareholder following the company's disclosure on Friday that it will exit Australia after losing government subsidies and is considering bids for its assets while it undergoes a detailed strategic review. The Wellington-based fund manager sold about 4 million shares of Intueri on Friday for $76,555, taking it from a 6.97 percent holding in the embattled private education company to 2.89 percent....

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