Tourism Holdings Limited (THL) has completed the acquisition of a remaining 51% interest in its UK joint venture, Just go Motorhomes, from joint venture partners Nick and Sarah Roach.
The purchase price of £5,355,000 (or approximately NZ$10,700,000) was satisfied through a cash payment of £1,350,000 and the issue of new THL ordinary shares.
The transaction was authorised by THL Chair, Cathy Quinn, and the new ordinary shares were issued on 4 October.
CEO Grant Webster said the timing of the transaction is right, given the proposed merger with Apollo and the UK market's recovery from the pandemic.
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