Brief: ACCC Outlines Preliminary Concerns With THL's Proposed Deal For Apollo Tourism & Leisure

Tourism Holdings

28/04/2022 01:51

April 28 (Reuters) - ACCC:
    * HAS OUTLINED PRELIMINARY COMPETITION CONCERNS WITH THL'S
PROPOSED ACQUISITION OF APOLLO
    * ACQUISITION OF APOLLO WILL REMOVE THL’S CLOSEST AND
LARGEST
COMPETITOR FOR MOTORISED RV RENTALS IN AUSTRALIA
    * MARKET FEEDBACK ALSO INDICATES OTHER RV RENTAL SUPPLIERS
LACK
SCALE TO REPLACE COMPETITION LOST BY APOLLO BEING ACQUIRED
    * IS ALSO EXAMINING EXTENT TO WHICH PEER-TO-PEER PLATFORMS
COMPETE
WITH TRADITIONAL RV RENTAL SUPPLIERS
    * AS A RESULT OF MARKET FEEDBACK SO FAR, CONCERNED CONSUMERS
MAY
END UP PAYING  MORE TO RENT RVS
    * FINAL DECISION IS SCHEDULED FOR 21 JULY 2022
    * INVITES SUBMISSIONS FROM INTERESTED PARTIES IN RESPONSE TO
STATEMENT OF ISSUES BY 19 MAY

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 ((Reuters.Briefs@thomsonreuters.com;))