Eurocamp deal cleared by competition authorities
HOMAIR Vacances’ £90m acquisition of Eurocamp earlier this year has been cleared by the competition watchdog.
The Competition and Markets Authority has concluded the June sale by Northwich-based Holidaybreak does not threaten competition, despite the combined business holding 40-50% of the market.
It said: “The CMA considers that following the merger there will remain sufficient constraints on the parties from rival tour operators including Canvas, Matthews Holidays and Venue Holidays to prevent the merged entity raising prices and/or worsening their offer to customers.
“In addition, direct sales by campsites/campsite operators such as Siblu will offer a constraint on the parties after the merger to some extent.
In the year to March Eurocamp generated sales of £96.5m, down from £98.4m.
