Tuffnells owner Connect Group has been given the green light by the Competition and Markets Authority (CMA) to sell its care and education division to education resource provider RM. Connect’s sale of the division to RM for £64.4m, including £56.5m cash and deficit of £7.9m, was announced in February this year. In April the CMA launched an investigation into whether the deal would lead to a “substantial lessening of competition” in the sector. The unconditional clearance of the deal means […]
Tuffnells owner Connect Group has completed the sale of its care and education division to education resource provider RM.
Tuffnells owner Connect Group is to sell its care and education division in order to focus on the growth of its parcels and news services.