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Energie Fitness bids for Bannatyne
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Health and fitness franchise company Energie Fitness has made a bid – believed to be in the region of £100-£120m – for health club chain Bannatyne Fitness.
Energie has confirmed that the bid is at the upper end of the range, which it considers to be a fair bid reflecting the value of the business, and said that dialogue with Bannatyne is continuing.
A spokeperson for Bannatyne declined to comment on the bid, but said that a float of the entire Bannatyne Leisure company could also be a possibility in the future.
Photograph: Jan Spaticchia, chief executive of Energie Fitness
Health and fitness franchise company Energie Fitness has made a bid – believed to be in the region of £100-£120m – for health club chain Bannatyne Fitness.
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