Germany: School wants to finance new building with IPO – Bavaria

 The  parents of the children at the private school have to dig deep into their pockets to attend school.

 The  regular school fee is between around 13,400 and 16,300 euros per year, depending on the grade, with an additional admission fee of between 5,000 and 7,500 euros.

According to the school, around 320 children of more than 40 nationalities attend the school.

 The  catchment area extends to the western Munich area. Almost 80 percent of the ongoing school operations are financed by private income, the rest are state subsidies.

 The  planned new school building is expected to cost a total of 32 million euros. It is expected that the Free State of Bavaria will bear about half of it.

 The  shortfall is said to be made up of the share income, available funds and loans.

However, this funding has not yet been secured. Should problems arise here, this could have “significant negative effects” on the Schul-AG up to and including bankruptcy, warned in the sales prospectus for the shares.

© dpa-infocom, dpa: 210221-99-528875 / 2