Kelsian Group (ASX:KLS) agreed to sell the companies and businesses forming its Tourism Portfolio to Journey Beyond for total cash consideration of AU$161 million, according to a Tuesday filing with the Australian bourse.

The transaction, expected to be completed in the first half of fiscal year 2027, is subject to approval by the Australian Competition and Consumer Commission and Foreign Investment Review Board as well as other customary conditions, the filing said.

Kelsian Group shares rose 9% in midday trade Tuesday.