The Commerce Commission has received a clearance application from Queenstown Bungy Limited to acquire the bungy and swing operations in Taupo owned and operated by Taupo Bungy Limited, a wholly owned subsidiary of Taupo Tourism Holdings Limited.
Queenstown Bungy is a wholly-owned subsidiary of Bungy New Zealand Limited (trading as AJ Hackett Bungy), which through its subsidiaries operates bungy jumps, swing and related businesses in Queenstown and Auckland.
A public version of the authorisation/clearance application will be available shortly on the Commission's case register.
Background
We will give clearance to a proposed merger if we are satisfied that the merger is unlikely to have the effect of substantially lessening competition in a market.
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