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BRIEF-Ardent Leisure provides clarification on d'Albora Marinas sale process

Published 12/05/2016, 02:43 pm
Updated 12/05/2016, 02:50 pm
© Reuters.  BRIEF-Ardent Leisure provides clarification on d'Albora Marinas sale process
CEH
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May 11 (Reuters) - Ardent Leisure Group AAD.AX :

* D'albora marinas sale process AAD.AX

* Notes speculative media commentary concerning sale of d'albora marinas

portfolio and would like to provide clarification to market and investors

* Formal and transparent sales process for the d'albora marinas portfolio has

now commenced"

* Capital improvements & extended lease tenure increased value of d'albora

marinas portfolio; historical book valuations no longer relevant

* Sale process of d'albora marinas would not be undertaken till certain capital

improvements had been carried out, lease tenure maximized

* Source text for Eikon ID:nASX9xGbSc

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