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Ariadne outlines strategy to unlock $1b in value to Ardent investors

People & Companies / Latest News

Australia

Jul 26 2017

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Carolyn Cummins, The Sydney Morning Herald

Corporate raider Ariadne has identified a range of new proposals that could unlock up to $1 billion in value for Ardent shareholders, including the potential float or trade sales of the US Main Event business, a sale of the Australian bowling business, and a possible joint venture with an overseas theme park operator and sale of excess land, to boost the Dreamworld operations.

These are not seen as definitive measures, but are part of a wide ranging analysis of the Ardent business that has been commissioned by Ariadne, which aims to offer new solutions to unlock value from the Ardent operations.

Go to The Sydney Morning Herald and read the full story.

SOURCE: The Sydney Morning Herald

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