G.education officially takes over NOVA

Preparatory school operator G.education has officially taken over NOVA, the failed operator of Japan’s largest English conversation school chain, company officials said.

The takeover took effect after a representative for G.education and receivers for NOVA signed an agreement on the handover on Tuesday.

Osaka-based NOVA filed for court protection from creditors under the Corporate Rehabilitation Law on Oct. 26. Receivers for NOVA decided on Nov. 6 to hand over its school chain to Nagoya-based G.education.

http://mdn.mainichi.jp/national/news/20071115p2a00m0na003000c.html

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