Kelsian Group wins FIRB approval for tourism sale

• The Foreign Investment Review Board cleared Kelsian Group's divestment of its Tourism Portfolio to Journey Beyond.
• The regulatory approval marks a key step in completing the revised $145.8 million asset transaction.
• The sale aligns with Kelsian's strategy to focus on core contracted public transport operations.

Kelsian Group (ASX:KLS) secured Foreign Investment Review Board clearance for the divestment of its Tourism Portfolio to Journey Beyond.

The approval follows a recent deal revision that removed SeaLink Rottnest and reduced the sale price from $161 million to $145.8 million.

The company stated that the Treasurer of Australia raised no objection to the proposed asset transfer.

Completion remains subject to key contract consents, statutory authorisations, and remaining customary conditions precedent.

Kelsian expects to finalise the transaction during the first half of fiscal year 2027.

Following the announcement the Kelsian Group share price was unchanged at $4.02.

The divestment allows the group to simplify its corporate structure and reallocate capital towards higher-margin public transport contracts across Australia, Singapore, and the United Kingdom.

The company reported full-year 2026 revenue of $2.42 billion, driven by expanding bus networks and steady commuter demand.