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Commission clears Wilson Parking to acquire leases
12 November 2015
Commission clears Wilson Parking to
acquire Tournament leases in Newmarket and Wellington
The Commerce Commission has given clearance for Wilson Parking New Zealand Limited (Wilson Parking) to acquire five car park leases from Tournament Parking Limited (Tournament).
Wilson Parking originally applied for clearance to acquire the leases for 10 car parks from Tournament, but amended its application during the Commission’s investigation.
The acquisition would result in Wilson Parking operating four of Tournament’s car parks in central Wellington (Leftbank, Lombard, Marion Street and Plimmer Tower) and one of Tournament’s car parks in Auckland’s Newmarket precinct (Rialto).
The Commission is satisfied that the acquisition will not have, or would not be likely to have, the effect of substantially lessening competition in the affected markets.
Commission Chairman Dr Mark Berry said, “Each area affected by the acquisition contains a variety of on-street and off-street parking alternatives. We consider that Wilson Parking will continue to face significant competition from other parking operators."
A public version of the written reasons for the decision will be available shortly on the Clearances Register.
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