Categories: India

BRIEF-Basic-Fit Buys Clever Fit For EUR 160 Mln In Cash, EUR 15 Mln Earn-Out

Oct 27 (Reuters) – Basic-Fit NV: * ACQUIRES CLEVER FIT, ENTERING FRANCHISE MARKET AND SECURING GERMAN MARKET LEADERSHIP * CLOSING IS EXPECTED BEFORE YEAR-END; NO REGULATORY APPROVAL IS REQUIRED * PURCHASE PRICE OF EUR 160 MILLION IN CASH AND EUR 15 MILLION EARN-OUT * GUIDANCE FOR 2025 REMAINS UNCHANGED * OWNED CLUB EXPANSION REDUCED FROM 100 TO 50 CLUBS IN 2026 * OUTLOOK 2026: EXPECT A LEVERAGE RATIO OF JUST ABOVE 2.0 TIMES Source text: tinyurl.com/nhypm723 Further company coverage: (Gdansk Newsroom)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

Indianews Syndication

Recent Posts

Google, Apple warns staff with US visas against international travel due to embassy delays, Business Insider says

Dec 19 (Reuters) - Alphabet’s Google and Apple have advised some employees on U.S. work…

2 hours ago

Elon Musk becomes first person worth $700 billion after court ruling on pay package

Dec 20 (Reuters) - Tesla CEO Elon Musk's net worth surged to $749 billion after…

8 hours ago

Elon Musk becomes first person worth $700 billion following pay package ruling

Dec 20 (Reuters) - Tesla CEO Elon Musk's net worth surged to $749 billion late…

9 hours ago

Africa Cup of Nations moved to every four years

VIDEO SHOWS: PRESS CONFERENCE WITH PATRICE MOTSEPE RESENDING WITH COMPLETE SCRIPT SHOWS: RABAT, MOROCCO (DECEMBER…

10 hours ago

Google warns staff with US visas against international travel due to embassy delays, Business Insider says

Dec 19 (Reuters) - Alphabet's Google has advised some employees on U.S. visas to avoid…

11 hours ago

Google warns staff with US visas against international travel due to embassy delays, Business Insider says

Dec 19 (Reuters) - Alphabet's Google has advised some employees on U.S. visas to avoid…

13 hours ago