Acquisition

Christchurch-headquartered group continues its tourism expansion drive with the purchase of Nelson’s Tasman Helicopters.

Augusta Capital’s directors are recommending shareholders accept Australian-listed Centuria Capital’s offer to purchase the investment company.

Australian-listed Centuria Capital’s renewed takeover offer for New Zealand investment vehicle Augusta Capital has gone unconditional after gaining acceptance of 65% of shares.

Family-owned Leisure Time Group has expanded into the event management space with the acquisition of Auckland-based Lime & Soda.

A bid for the investor comes as it prepares to launch the $100m fund.

The operators say the merged business will be NZ’s largest premium aviation operator.

The decision paves the way for the consolidation of ski field ownership in the wider Wanaka area.

AJ Hackett Bungy New Zealand has acquired Taupo Bungy, and will take over the site this November.

ComCom approves the deal stating the Taupo business is not a close competitor to Bungy NZ’s operations.

The deal sees the operator control the most jump sites in NZ after entering the skydive market only last year.

Wayfare’s Cardrona Alpine Resort Limited has sought clearance from the Commerce Commission to buy Treble Cone ski field for $7.6m.

It is the latest expansion of the group formerly known as InterCity.