BUZZ-Australia's Kelsian Group rises as co explores asset divestment

Reuters
02 Apr
BUZZ-Australia's Kelsian Group rises as co explores asset divestment

** Shares of Kelsian Group KLS.AX rise 3.9% to A$2.670

** Stock set for its strongest session since March 3, if gains hold

** The tourism operator explores divestment options of Australian tourism assets to streamline business and reduce debt

** Says assets being considered for potential divestment generated over A$160 million ($100.54 million) in revenue in FY24

** KLS stock down 27.1% YTD, including current session's moves

($1 = 1.5913 Australian dollars)

(Reporting by Manasi Dasa in Bengaluru)

((Manasi.DasaSundeep@thomsonreuters.com;))

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