Tourism Holdings acquisition of Apollo a coin toss

Tourism Holdings acquisition of Apollo a coin toss
(Image: Supplied)
Dan Brunskill
Tourism Holdings’ proposed acquisition of Apollo Tourism & Leisure is looking less likely with the Commerce Commission concerned it will give the group too much market power.A research note from Craigs Investment Partners, released last week, said the probability the deal would go through had fallen from 80% to 50% – just a coin toss.This echoes comments made by Forsyth Barr in an email to institutional clients last month which suggested there was a “less than a 50%” chance the deal will happen.The market also doesn&...

More Markets

NZ sharemarket lifts into positive territory for the year
Markets Market close

NZ sharemarket lifts into positive territory for the year

The S&P/NZX 50 Index closed at 11,496.61, up 33.12 points or 0.29%.

Air NZ’s 'small but mighty' step towards green aviation
Markets

Air NZ’s 'small but mighty' step towards green aviation

The carrier has bought an all-electric aircraft from Beta Tech, to be delivered in 2026.

Xero, Tourism Holdings, NZME among Deloitte Top 200 winners
Markets

Xero, Tourism Holdings, NZME among Deloitte Top 200 winners

The prestigious Deloitte Top 200 Awards winners were revealed on Wednesday evening.

ComCom: Is it time to deregulate fibre broadband?
Markets

ComCom: Is it time to deregulate fibre broadband?

The review is the first under a new regulatory regime.