Mike Ballantyne, Online Republic

Mike Ballantyne, Online Republic

Webjet has bought OTA Online Republic for A$79m.

Though it’s HQ is in Auckland, Online Republic does more 90% of its NZ$200m annual sales in Oz.

It has three main divisions: Cruise Republic, Car Rental Republic and Motorhome Republic.

Management will stay on post-Webjet with 22% of the purchase price taken in shares.

See background story.

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