EXCERPTS

New Zealand's 120 ABC childcare centres are up for sale.

The Australian company has around eight per cent of the childcare market in New Zealand and is Australia's largest provider. It went into receivership in November, owing more than $1 billion.

Expressions of interest are now being sought in the New Zealand centres that cater for 8,000 children a day.

Also included in the deal is the Christchurch-based New Zealand College of Early Childhood Education, which ABC owns and operates.

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- reprinted from The New Zealand Herald