Oct 14 (Reuters) - Arowana International Ltd AWN.AX :
* Arowana International Ltd - proposed acquisition of evolution academy-AWN.AX
* AWN and Everthought Academy Holdings Pty Limited, signed a share sale agreement
* AWN has agreed to purchase all of issued share capital of evolution academy for a maximum purchase price of $8 million
* Signed a share sale agreement with Evolution Road Maintenance Group Limited and Evolution Traffic Control Pty Limited
* Proceeds of sale from transaction will be utilised by ERMG to pay down existing debt facilities
* Deal to acquire all of issued share capital in ERMG's wholly owned subsidiary, Evolution Academy Pty Ltd Source text for Eikon: ID:nASX7Z1d2Y Further company coverage: AWN.AX