Navitas expands partnership with Swansea University

Company News

by Jessica Amir

Navitas Limited (ASX:NVT) has expanded its Swansea University agreement through its college, the International College Wales Swansea (ICWS).

The education provider says facility will now be known as ‘The College’ and move to a joint venture model between Navitas and the University.

The transfer will be completed early 2018 and result in a one-off, non cash gain in the profit and loss of Navitas for FY18.

The College aims to provide an expanded curriculum, deliver more pre-Masters programs, offer distance learning and short term vocational oriented programs and offer 411 bed on-campus student accommodation.

Shares in Navitas Limited (ASX:NVT) last traded 0.45 per cent lower on Friday to $4.41.

Jessica Amir

Finance News Network
Jessica joined FNN in January 2017 after having worked in financial advising for seven years and in TV journalism for seven years, specialising in finance, equities and analysis. She has interviewed former Prime Ministers of Australia, Tony Abbott, Julia Gillard and Kevin Rudd and ex Treasurer Jo Hockey. Jessica has worked as a journalist with Sky News Business, ABC 1, ABC's The Business, ABC24 and has also been a regional Channel 7 and 9 TV reporter with Prime7 and Win News.