ComCom concerns puts the brakes on Tourism Holdings’ Apollo deal

Tourism Holdings operates under the Maui, Britz and Mighty rentals brands. (Image: file)

Fri, 11 Mar 2022

The Commerce Commission has qualms about Tourism Holdings’ proposed all-scrip takeover of rival Apollo Tourism & Leisure and wants to hear more from the parties on why it should approve the deal.The antitrust regulator today released a statement of issues on the clearance application, saying it wasn’t yet satisfied the combination of the rental motorhome operators wouldn’t substantially lessen competition in the market.“The removal of the major competitor to Tourism Holdings in motorhome rentals may make it easier fo...

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