June 7 (Reuters) - Idp Education Ltd IEL.AX
* entered into an agreement to purchase a 20 per cent holding in hcp limited
* agreement provides co with opportunities to develop its student placement business in china
* agreement formally establishes idp education as hcp's exclusive partner for study abroad services in china
* investment will be made in two tranches with an upfront payment of $4.1m followed by $2.3m in twelve months Source text for Eikon: ID:nASX1v7Bwz Further company coverage: IEL.AX
(bangalore.newsroom@thomsonreuters.com)