Arowana shares halted on Intueri spin-off bookbuild

Sarah Thompson, Anthony Macdonald and Gretchen Friemann

Updated May 7, 2014 – 3.42pm, first published at 9.54am

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ASX-listed Arowana International ’s shares have gone into a trading halt, while the bookbuild for its spin-off Intueri Education Group gets under way.

Arowana is selling as much as 85 per cent of its private education business to new investors, with proceeds slotted for the $NZ60 million ($64.2 million) acquisition of Quantum Education Group, and the parent company.