Friday, May 27, 2016

Teachers at Academedia critical to the stock exchange plans – Swedish Dagbladet

Photo: Brita Nordholm / TT

Riskkapitabolaget EQT announced today that education group Academedia is on the way to the stock exchange at a price of SEK 40 per share. It also became known that the family-owned company Mellby Gard, with Rune Andersson at the head enters as a major shareholder in the company of the Second AP Fund, Lannebo Funds, Odin Fonder and Swedbank Robur.

Here are some of the reactions after the announcement .

Goran Drougge teachers Sjölins gymnasium Södermalm owned by Academedia and has previously been critical of the owner EQT. After the decision of the IPO, he noted a concern of colleagues at the school.

– The ones I’ve talked to have reacted negatively. We believe the profit requirements will increase now, the shareholders will probably gain importance. It will make demands from teachers, such as more special educators, will be measured against profits.

– There is also a general feeling that the teachers status downgraded, we have become an object of stock market speculation.

the teachers at Sjölins High School got under Goran Drougge at lunchtime an email Academedia saying that EQT has taken the decision to introduce the group on the stock exchange. In the years that Academedia owned high school Göran Drougge include several consequences of being part of a larger group.

– It has affected things like staffing and our wages. It has become harder to get through requirements. It may not be possible to say that it’s just profit ‘fault, but it could be a connection. It worries teachers.

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