An Australasian bus and coach business is seeking clearance to buy NZ Bus and its subsidiaries. Competition watchdog the Commerce Commission has received a clearance application from Kinetic NZ Holdings to buy NZB Holdco, trading as NZ Bus. NZ Bus is currently majority owned by Australian private equity firm Next Capital which has more than $600 million of funds under management. Kinetic operates bus and coach services in New Zealand and Australia, including Go Bus urban and school bus services across New Zealand and SkyBus airport transfer services at Auckland Airport. Kinetic says that it and NZ Bus currently overlap only in the supply of urban bus services, with the only geographic overlap being in Auckland.

Source: Stuff April 20, 2022 07:07 UTC