Sonae Capital said that it had bought all the capital and voting rights of ABOUT, SGPS, S.A., which owns the eight gyms through a subsidiary.
ABOUT owns the seven gyms in Lisbon and one in Faro that it runs under the Pump brand name.
The deal cost €8.6 million and an undisclosed variable, deferred component that depends on an expansion plan for its Fitness Clubs network.