Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Real Journeys named preferred bidder for Cardrona Alpine Res

PRESS RELEASE
24 May 2013


Real Journeys named preferred bidder for Cardrona Alpine Resort

Key New Zealand tourism player Real Journeys has been named today as the preferred bidder in the sale of Cardrona Alpine Resort in Wanaka.

The sale remains subject to due diligence and shareholder approval prior to the start of Carrdona’s snow season on June 21.

Real Journeys Chief Executive Richard Lauder says Real Journeys is delighted to reach this stage of the process and be the preferred bidder.

“It’s very exciting for Real Journeys but it’s also important to note that the sale is still subject to satisfactory due diligence and final Real Journeys shareholder approval,” says Lauder.

Lauder says Real Journeys will be working actively with current owners Vealls (Singapore) Pte. Ltd to satisfy the due diligence processes.

“We are hopeful of a positive outcome to the sale process and some heavy snow falls over the coming weeks!”

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

NIWA: Scientists Say Methane Emitted By Humans ‘vastly Underestimated’

NIWA researchers have helped unlock information trapped in ancient air samples from Greenland and Antarctica that shows the amount of methane humans are emitting into the atmosphere from fossil fuels has been vastly underestimated... More>>

ALSO:

SMC Expert Reaction: Record Dry Spells And Effects On Forests

With no rain forecast before Sunday, Auckland is about to break a record for the city's longest dry spell. Niwa says Auckland is likely to hit 40 consecutive days without rain this weekend . The upper North Island is seeing severe meterological ... More>>

ALSO:

Reserve Bank: Official Cash Rate Remains At 1.0 Percent

The Monetary Policy Committee has decided to keep the Official Cash Rate (OCR) at 1.0 percent. Employment is at or slightly above its maximum sustainable level while consumer price inflation is close to the 2 percent mid-point of our target range. ... More>>

ALSO:



Science Media Centre: Novel Coronavirus Detected In China – Expert Reaction

The virus was detected after more than 40 people were hospitalised with pneumonia in Wuhan City, China and the outbreak traced to a large animal and seafood market. The Centers for Disease Control and Prevention reports that person-to-person transmission ... More>>

ALSO:

Science Media Centre: Flooding could release toxic gas – Expert Reaction

A chemical substance known as ouvea premix stored at an old paper mill in Mataura could release toxic ammonia gas if it comes in contact with water.More>>

ALSO: