Smart Fit Announces Purchase of 20% of the Buddha Spa in Agreement up to R$ 32 Mi
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8 Articles
Smart Fit Academy Network signs agreement to acquire up to 20% of the Buddha Spa for R$ 32 million and can expand business in the future.
Smart Fit concluded, on Sunday (4), contract with the Buddha Spa group to acquire up to 20% of the social capital and voting of the spa network. The value of the operation can reach R$ 32 million, according to information released by the company in communication to the market on the morning of Monday (5). In addition, Smart Fit guaranteed an option to purchase more than 10% of the Buddha Spa's shares. The operation is aligned with the Smart Fit …
Forbes, the world's most well-conceived business and economic magazine. Buddha Spa is currently the largest spa network in Brazil, with 149 units in 12 states The post Smartfit Close 20% purchase agreement of Buddha Spa Network for up to R$32 Mi apareceu primeiro em Forbes Brasil.
Buddha Spa is currently the largest spa network in Brazil, with 149 units in 12 states, of which 96% are franchised
Smart Fit reported on Monday, 5, that it entered into a contract for the acquisition of up to 20% of the Buddha Spa, for up to R$ 32 million.
Smart Fit (SMFT3) informed on Monday (5) that it has concluded a contract for the acquisition and subscription of ordinary shares of the Buddha Wellness Group Brazil, controller of the Buddha Spa. By agreement, the company can reach a participation of up to 20% of the total share capital and voting of the spa network. According to the press release, the [...]
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