Kelsian Group Secures ACCC Clearance for Tourism Portfolio Sale

MT Newswires Live

Sep 09

Kelsian Group (ASX:KLS) said the Australian Competition and Consumer Commission (ACCC) cleared the proposed sale of its tourism portfolio to Journey Beyond, concluding the divestment is unlikely to substantially lessen competition, according to an Australian bourse filing on Tuesday after market hours.

The transaction, excluding Sealink Rottnest, remains subject to approval from the Foreign Investment Review Board, change-of-control consents, and other customary conditions, with completion expected in fiscal 2027, per the filing.

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