Photo: ODT fileWilson Parking New Zealand Ltd has agreed to divest the leases of three parking facilities in central Wellington, and pay $500,000 towards Commerce Commission costs over anti-competitive behaviour. The commission alleged Wilson Parking substantially lessened competition for the supply of car parking in the Boulcott St area when it acquired the rights to operate the Capital car park. "The divestment of three car parking facilities in the Wellington central area will reintroduce a measure of competition and will mean that customers will have an alternative to Wilson Parking. "Wilson Parking is committed to continuing to invest in its operations to maintain its excellent service to our customers. Wilson Parking must divest the car parking leases to a purchaser(s) approved by the commission.

Source: Otago Daily Times October 21, 2020 03:22 UTC