Anvia Holdings (OTCQB:ANVV) announced that it has executed a term sheet to acquire all of the issued and outstanding shares of Xamerg Pty Ltd, an Australian Vocational Education institution, trading under the brand Eagle Academy.
Anvia Holdings through its fully owned subsidiary Anvia (Australia) Pty Ltd will acquire 100% of Xamerg Pty Ltd outstanding shares for just under $1M (AUD1.3M).
The transaction is expected to close within 75 calendar days from the date of the term sheet.
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