Scoop has an Ethical Paywall
Work smarter with a Pro licence Learn More

Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

THL Seeks Clearance To Acquire Apollo

The Commerce Commission has received a clearance application from THL Group (Australia) Pty Ltd, a subsidiary of Tourism Holdings Limited, seeking clearance to acquire 100% of the shares in Apollo Tourism & Leisure Ltd.

THL and Apollo both supply motorhome and campervan rental services in New Zealand to domestic and international tourists.

THL is a global tourism company, whose shares are listed on the New Zealand stock exchange. Relevant to the application, THL’s business in New Zealand includes the manufacture and sale of motorhomes, the rental of motorhomes and the operation of online peer-to-peer rental platforms, which enable private motorhome owners to offer their vehicles for rental. THL’s brands include Maui, Britz, Mighty, Mighway and SHAREaCAMPER.

Apollo is a global tourism company, whose shares are listed on the Australian Securities Exchange. Apollo’s business in New Zealand includes the sale and rental of motorhomes. Apollo’s brands include Star RV, Apollo, Cheapa Campa and Hippie Camper. Apollo is also a shareholder in Camplify Holdings Ltd, which operates an online peer-to-peer rental platform enabling private motorhome owners to rent out their vehicles.

A public version of the clearance application will be available shortly on the Commission’s case register.

Background

Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

We will give clearance to a proposed merger if we are satisfied that the merger is unlikely to have the effect of substantially lessening competition in a market.

Further information explaining how the Commission assesses a merger application is available on our website.

As publicly announced on 19 November 2021, the Commission expects to receive a separate clearance application from Camplify to acquire THL’s Mighway and SHAREaCAMPER peer-to-peer motorhome rental platforms businesses.

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Business Headlines | Sci-Tech Headlines

 
GenPro: General Practices Begin Issuing Clause 14 Notices

GenPro has been copied into a rising number of Clause 14 notices issued since the NZNO lodged its Primary Practice Pay Equity Claim against General Practice employers in December 2023.More

SPADA: Screen Industry Unites For Streaming Platform Regulation & Intellectual Property Protections

In an unprecedented international collaboration, representatives of screen producing organisations from around the world have released a joint statement.More

 
 
 
 
 
 
 
 
 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.