Big news for the ski resort industry in New Zealand as The Commerce Commission has approved Cardrona Alpine Resort Ltd to buy Treble Cone Investments Ltd.
The Otago Daily News reports the decision hinged on whether the price of single-day, multi-day and season ski passes would increase with the acquisition.
“The merged entity would be unable to successfully charge higher prices, or reduce the quality of the services offered, due to the high numbers of skiers from outside the region with alternative options. We are satisfied that there is unlikely to be a material difference in the extent to which Treble Cone competes.” -Chairwoman Anna Rawlings
Cardrona GM Bridget Legnavsky said the company was “very excited” to receive the approval and is “now working with Treble Cone Investments Ltd to complete the transaction.”Cardrona is on record that they will make it a priority to improve Treble Cone’s reliability by investing in its snow-making capability and stabilizing its power supply.
images from treblecone IG