THL hocks Mighway rental business and Shareacamper

Tue, 26 Oct 2021

Tourism Holdings is shedding businesses to concentrate on its core operations and will sell peer-to-peer campervan rental company Mighway and Shareacamper.In a statement to the NZX, the listed tourism company said it will take a stake in Mighway’s new owner Camplify, which will issue THL new shares. The purchase price was A$7.37 million, subject to closing adjustments, the firm said.THL said the sale to the ASX-listed Camplify represented a profit on the sale of the businesses of about NZ$6.3m.“As part of the transaction, additional...

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