Sealink Travel completes Kingfisher acquisition

Company News

by Anna Napoli

Tourism and transport company Sealink Travel (ASX:SLK) has completed a $43 million dollar acquisition of the Kingfisher Bay Resort Group from Cosmos Australia.

The Kingfisher group is based on Fraser island in Queensland and includes two resorts, a tour group and a ferry company.
The deal makes Sealink owner of 90 per cent of accommodation rooms on the island.

The company says they are looking forward to positioning Fraser island as one of Australia’s leading eco-tourism experiences.

Shares in Sealink (ASX:SLK) closed 1.27 per cent higher to $4.00 yesterday.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.