Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Brazil’s BTG to Buy 30% Stake in Fitness Chains, Folha Reports

April 28 (Bloomberg) -- Banco BTG Pactual SA, led by the Brazilian billionaire Andre Esteves, will announce on April 30 the acquisition of 30 percent of the Brazilian physical-fitness chains Bodytech and Formula, Folha de S. Paulo reported, citing Luiz Urquiza, chief executive officer at Bodytech.

The value of the transaction won’t be disclosed, though Folha reported, citing analysts, that BTG paid 200 million ($106 million) for the stake.

To contact the reporter on this story: Cristiane Lucchesi in Sao Paulo at clucchesi5@bloomberg.net

To contact the editor responsible for this story: Sylvia Wier at swier@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.