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

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