Australia's Kelsian to buy All Aboard America! in $325 mln deal

Kelsian

15/03/2023 08:38

March 15 (Reuters) - Australia's Kelsian Group Ltd
 KLS.AX  said on Wednesday it would acquire U.S.-based coach and
bus operator All Aboard America! Holdings Inc in a $325 million
deal.
    The transit operator said it would fund the acquisition
thorough equity raising of A$281 million ($187.46 million).
    

($1 = 1.4990 Australian dollars)

 (Reporting by Navya Mittal in Bengaluru; Editing by Rashmi
Aich)
 ((Navya.Mittal@thomsonreuters.com;))