Tourism Holdings Limited (ASX:THL) has completed the sale and leaseback of Apollo's properties in Canada for CAD$51 million, resulting in pre-tax net cash proceeds of CAD$25.6 million.
The sale reflects an indicative pre-tax gain on sale of approximately CAD$17.5 million, and the lease terms provides Tourism Holdings with rights to the properties for up to 20 years.
The company is a global tourism operator listed on the NZX and ASX and operates motorhome, campervan, caravan, tourism adventure, travel technology, and commercial vehicle manufacturing businesses.
Following the announcement, shares of Tourism Holdings (ASX:THL) were up 1.83%.