Pearson goes back to school with China deal

[Francis Hult]

Telegraph

 

Pearson goes back to school with China deal

 

Pearson, the publisher of the Financial Times, is accelerating efforts to expand its business in China ahead of this summer's Beijing Olympics with the acquisition of a chain of English language schools.

 

The FTSE-100 media group is near to finalising a deal to buy LEC, a group of 15 Shanghai private schools, The Sunday Telegraph has learned.

 

The deal, likely to be announced this week, underlines Pearson's aim to expand its Chinese operations as the country's economic growth presents opportunities for foreign companies. Demand for English language tuition is at an all-time high in mainland China as a result of the country's continuing integration into the global economy.

 

Full story:

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/05/04/cnpears104.xml

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