NEW ZEALAND — Tourism Holdings won’t sell any of its New Zealand businesses after the potential suitor walked away when the Kiwi firm wouldn’t budge on price, reported ShareChat.
The rental campervan operator won’t sell its Kiwi Experience unit and the Black Water Rafting, Ruakuri and the Waitomo Homestead from its Discover Waitomo division after the parties couldn’t agree to a price in the final stages of negotiation.
“The prospective purchaser for these businesses has decided not to proceed, seeking to reduce the purchase price,” chair Rob Campbell said in a statement. “THL has remained clear in its view of the value of the tourism businesses; strategically, economically and socially.”
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