Tourism Holdings Receives Revised Non-Binding Proposals from BGH Consortium and Indie Campers

Shwetambri Chauhan

06 November 2026 04:04 PM AEDT

Tourism Holdings Receives Revised Non-Binding Proposals from BGH Consortium and Indie Campers

Image Source: Krish Capital Pty Ltd

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Tourism Holdings Limited (ASX:THL) has disclosed that it has received revised non-binding proposals from two separate parties — the BGH Consortium and Indie Campers — following the conclusion of a comprehensive due diligence process, with the company's board currently reviewing the terms of both proposals.

Key Points

The due diligence process with both the BGH Consortium and Indie Campers has now largely concluded.
Tourism Holdings has received revised non-binding proposals from both parties, which the board is currently reviewing.
Pricing and other terms of the proposals remain confidential and have not been publicly disclosed.
Both proposals remain non-binding and subject to conditions, with no certainty that either will result in a transaction.

Due Diligence Process Concluded with Two Bidders

Tourism Holdings Chair Cathy Quinn outlined the update at the company's 2026 Annual Meeting held on 6 November 2026. According to the filing, the company had been progressing a comprehensive due diligence process with both the BGH Consortium and Indie Campers. The company disclosed that this process has now largely concluded, and revised non-binding proposals have been received from each of the two parties. The board is currently reviewing those proposals and engaging with both parties regarding their terms, the filing states.

Pricing Terms Remain Confidential During Competitive Process

The company disclosed that discussions regarding the terms of the revised proposals remain confidential. The filing states that while negotiations are ongoing with two parties in a competitive process, the board does not believe it is in the best interests of shareholders to publicly discuss those terms at this stage. The board confirmed its focus throughout the process is on what is in the best interests of shareholders. No specific pricing details or other financial terms of either proposal were disclosed in the filing.

No Certainty of Transaction; No Shareholder Action Required

Tourism Holdings stated that both proposals remain non-binding and are subject to conditions. The company said there is no certainty that either proposal will result in a transaction, and that shareholders do not need to take any action at this time. The board indicated it will continue to keep the market informed in accordance with its continuous disclosure obligations. The update was authorised by Chair Cathy Quinn and released jointly to the NZX and ASX on 6 November 2026.

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