Dec 12 (Reuters) - Ardent Leisure Group (AAD)
- Ardent Leisure sells D'albora Marinas
- D'albora Marinas portfolio comprises seven high profile marinas located in premium locations
- After an open expression of interest sale process, group has agreed to sell D'albora Marinas business for a sale price of $126 million
- "Agreed sale price of $126 million represents a premium to current book value and will improve balance sheet capacity of group"
- Successful conclusion of sales process for D'albora Marinas portfolio
- Sale price represents an 11.0% premium over current book value of $113.5 million
- Completion of transaction is expected to occur before 30 June 2017
- Sale process incurred transaction costs of $3.3 million and commitment to complete $5.6 million of capital expenditure projects
