Australia's Camplify Holdings rises as NZ regulator approves acquisition

Tourism Holdings

25/03/2022 03:06

** Shares of recreational vehicle (RV) marketplace provider
Camplify Holdings Ltd  CHL.AX  jump as much as 7.2% to A$2.68,
on course for their best session since March 18
    ** New Zealand Commerce Commission clears CHL's acquisition
of NZ peers Mighway and SHAREaCAMPER from Tourism Holdings Ltd
 THL.NZ   urn:newsml:reuters.com:*:nASX6kmgb 
    ** Camplify is paying A$7.37 million ($5.54 million) in
shares as consideration 
    ** THL shares up about 2.8% 
    ** CHL down 43.7% YTD, as of last close 
    



($1 = 1.3308 Australian dollars)

 (Reporting by Harshita Swaminathan in Bengaluru)
 ((Harshita.Swaminathan@thomsonreuters.com))