Business
Cash-strapped universities want to offload $2.2b share investment – The Australian Financial Review
By selling their stake in IDP, the universities could make up some of the money they have lost because of the pandemic.
The government gave universities a research rescue package of $1 billion in the recent budget, but the sector said it needed half as much again to pay research salaries and keep the lights on just until the end of the year.
The universities created Education Australia in the late 1960s to take advantage of rising interest in higher education in Asia. When it was floated in 2015 under the name IDP Education, the universities retained a substantial stake which is the holding now being being put o…
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