Edition 1492
15 September 2018
Edition: 1492

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Sonae buys eight gyms

by TPN/Lusa, in Business · 23-11-2017 15:04:00 · 0 Comments

Portuguese company Sonae Capital has agreed to buy eight ‘Pump’ brand gyms in Lisbon and Faro it told the Portuguese Stock Exchange Commission (CMVM).

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.

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Edition 1492
15 September 2018
Edition: 1492

Read this week's issue online exactly as it appears in print.

Twitter

Pub

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