ComCom clears Wilson’s acquisition of rival’s parking assets

Mon, 23 Mar 2015

By Suze Metherell March 24 (BusinessDesk) - The Commerce Commission has found Wilson Parking New Zealand’s 2013 acquisition of a rival’s parking assets hasn't substantially crimped competition and deemed that public transport will keep a lid on any price hikes. The antitrust regulator launched its investigation into the purchase by Wilson, owned by Hong Kong’s Kwok family, of about 60 percent of locally-owned Tournament Parking's car parking licences and management contracts, on concern it would reduce competition. At the time, Wilson had...

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