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Kelsian Group Limited (ASX:KLS)

ALERT: Price-sensitive ASX Announcement for KLS
Current share price for KLS : $4.660 0.79 (20.41%)+
Announcement
Release
24 Feb 2026 10:49AM
Price at Release
$3.870
Full Release
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Summary
Kelsian Group Limited has announced the divestment of its Tourism Portfolio to Journey Beyond for a total cash consideration of $161 million. This sale is part of Kelsian's strategy to focus on its core transportation business, aiming to reduce debt and invest in growth opportunities. The transaction, which encompasses several entities including SeaLink Fraser Island and Captain Cook Cruises, is expected to be completed in the first half of FY2027, pending regulatory approvals. This move follows Kelsian's strategic review and aligns with its Capital Management Allocation Framework.
Key Points
  • Sale of Tourism Portfolio to Journey Beyond for $161 million.
  • The transaction includes SeaLink Fraser Island and Captain Cook Cruises.
  • Completion expected in first half of FY2027, subject to regulatory approval.
  • Proceeds to be used for debt reduction and growth investments.
  • Transaction aligns with Kelsian's Capital Management Allocation Framework.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.