Tourism Holdings (NZE:THL, ASX:THL) entered into a conditional agreement to sell its UK and Ireland business assets to Portugal-headquartered Indie Campers at net asset value plus goodwill, for total expected proceeds of around NZ$58.3 million, according to a Monday filing with the Australian and New Zealand bourses.

The proceeds include the net asset value of the assets sold of up to around NZ$51.7 million and goodwill of around NZ$8 million. The costs associated with certain obligations and other transaction-related expenses are expected to be around NZ$1.4 million.

The completion of the transaction is conditional on the landlords of the depots consenting to the assignment of leases, and both companies will engage with the landlords to obtain their consent, per a separate release. Under the agreement, Tourism will underwrite a 15% vehicle sales margin on the future resale of the fleet sold to Indie Campers over a three-year period.

Tourism also agreed to a three-year restraint of trade period preventing it from competing with the business in the UK and Ireland markets.

It flagged that the deal will negatively impact its underlying earnings before interest and taxes in the second half of fiscal 2026 by NZ$1.1 million.

The company retained ownership of its Edinburgh property and certain inventory vehicles, which it plans to sell this year and expects to realize incremental proceeds of up to NZ$7 million.

The company's New Zealand shares jumped almost 4% in recent Monday trade.