Tourism Holdings Ltd (THL) has finalised the sale of its Treble Cone skifield to Treble Cone Investments Limited, effective on December 20.
THL managing director Dennis Pickup said in a statement today: "It is very pleasing to be selling Treble Cone to not only New Zealand interests, but also to agroup that includes Wanaka based owners.
"We are confident that under this ownership structure Treble Cone will serve the long term interests of the New Zealand ski industry."
Treble Cone Investments is owned by Tony Hannon, managing director of fund equity manager I-Cap Partners, and Dunedin businessman Nat Craig.
The pair intended to include a consortium of investors from Wanaka, Dunedin and Auckland in the skifield's ownership, and promised further development of the area.
Treble Cone has been on the market for about three years.
In February THL chairman Keith Smith reaffirmed the company's intention to sell its interests in Treble Cone, which it acquired in the mid-1980s.
All permanent staff at Treble Cone will be employed under the new ownership.
