Tourism Holdings boost

According to chief financial officer Ian Lewington, the terms of the $161 million consideration for the Britz deal provided for payments from warranties. As a result, the $12 million adjustment was made after negotiations with the vendors of Britz in favour of Tourism Holdings.

Mr Lewington said the money would be used to reduce Tourism Holdings' debt of around $97 million.

"We'll probably be looking at about a 50% equity ratio after this, so it's pretty healthy."

Tourism Holdings will upgrade its Maui and Britz campervan fleet with 225 Mercedes vans worth $A13.9 million.

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

GEN - Dividend Reinvestment Plan Strike Price
Fletcher Building Update on Funding Facilities
December 5th Morning Report
Pacific Edge Names Simon Flood Chairman Designate
Fonterra provides FY26 Q1 business update
Devon Funds Morning Note - 4 December 2025
Six60 x SYNTHONY join forces for the first concert at One NZ Stadium
December 4th Morning Report
WCO - WasteCo appoints Stephen Towsen as Chief Operating Officer
December 3rd Morning Report