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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Ardent Lei Stapled | ASX:AAD | Australian Stock Exchange | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 1.492 | 1.49 | 1.495 | 0 | 01:00:00 |
From May 2019 to May 2024
By Rebecca Thurlow
SYDNEY--Goldman Sachs Group Inc. (GS) has teamed up with Sydney-based Balmain Corp to buy Australia's largest marina group from Ardent Leisure Group (ASX.AU) for 126 million Australian dollars (US$94 million).
Ardent said Monday a special purpose vehicle owned by Goldman and Balmain will purchase d'Albora Marinas, which owns seven marinas in Sydney, Melbourne and the popular holiday destination of Nelson Bay.
The sale price is an 11% premium over current book value of A$113.5 million, Ardent said.
Ardent announced in March it planned to sell the marinas to focus capital on expanding its entertainment center business in the U.S.
-Write to Rebecca Thurlow at rebecca.thurlow@wsj.com
(END) Dow Jones Newswires
December 11, 2016 18:38 ET (23:38 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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