Wilderness completes sale of P30m assets

In a statement released this week, Wilderness says the sale of Duba Camp, whose proceeds will be used to enable further development in the Okavango and Linyanti regions, was completed in May this year when it received a payment of US$4.5 million.  Duba Plains is a 300 000-hectare reserve in the Northern Okavango popular among tourists because of its lion and buffalo interactions.  Says the statement from Wilderness:

"Okavango Wilderness Safaris (OWS), a wholly owned subsidiary of Wilderness Holdings Limited, entered into an agreement with Great Plains Safari Companies Limited pursuant to which OWS transferred responsibility for its Duba Plains Camp, including all its assets and obligation, the result of which is that Great Plains and OWS will work together to develop and market the Duba Business.  Great Plains has paid OWS US$4.5 million (P30million) and such consideration was received on May 14 2010."