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Kelsian Group Limited (ASX:KLS)
ALERT: Price-sensitive ASX Announcement for KLS
Current share price for KLS : $4.020 -0.76 (-15.90%)+
Announcement
Release
26 Aug 2026 8:27AM
Price at Release
$4.780
Full Release
Summary
Kelsian Group Limited announced an update on its Tourism Portfolio transaction, revealing that SeaLink Rottnest will not be included in the sale to Journey Beyond. Originally part of a $161 million divestment deal, SeaLink Rottnest was valued at $15.2 million. The decision to exclude it was mutually agreed upon with Journey Beyond. The remaining transaction, now valued at $145.8 million, awaits approval from regulatory bodies including the ACCC and FIRB. CEO Graeme Legh emphasized SeaLink Rottnest's profitability and strong brand, indicating its continued operation alongside other ferry services. The transaction is anticipated to complete in the first half of fiscal year 2027.
Key Points
- Kelsian Group Limited decided that SeaLink Rottnest will not be part of the Tourism Portfolio sold to Journey Beyond.
- The original divestment agreement was for $161 million, with SeaLink Rottnest valued at $15.2 million.
- The divestment excluding SeaLink Rottnest is subject to ACCC and FIRB approvals and other conditions.
- Kelsian Group CEO, Graeme Legh, stated that SeaLink Rottnest is a strong standalone business.
- Kelsian Group expects the sale to be completed in the first half of FY27.
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.
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