Kelsian Group says it is exploring the sale of its vast portfolio of resorts, tours and ferry services as the country’s largest tourism and transport operator restructures to pay down debt and simplify its business.
The decision to consider whether to sell the portfolio – which includes the Fraser Island resort in Queensland, the SeaLink ferry services, Captain Cook Cruises in Sydney and other operations – came just a day after Kelsian’s new chief executive, Graeme Legh, started with the company.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
Ayesha de Kretser is a senior reporter with The Australian Financial Review covering the aviation and tourism sectors. She has previously reported on banking, mining and commodity markets. Connect with Ayesha on Twitter. Email Ayesha at ayesha.dekretser@afr.com.au
