EXPERIENCE Co yesterday completed its sale of Great Barrier Reef Helicopters (GBRH) to the Morris Group (TD 20 Dec 2019).
The sale follows on from a strategic review completed by the company (TD 07 Nov 2019), which will see it offload a number of assets in order to improve return on invested capital.
The company last month also completed the sale of its canyoning business and assets to Cairns Canyoning, netting it proceeds of “approximately $17.5 million”.
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Source: traveldaily