Small but Beautiful: Health Giant Bupa to Invest Gbp 6.7m in Addleisur
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Summary
HEALTH and fitness firm ADDleisure yesterday said that private healthcare heavyweight Bupa had agreed to invest up to GBP 6.7 million in the AIM-listed minnow, sending its shares up 55 per cent.
ADDleisure, which has several companies including one which gives health and fitness advice online, said Bupa had conditionally agreed to take a 29.9 per cent stake - the maximum allowed before you have to launch a takeover. The group added that Bupa had conditionally agreed to invest GBP 3m by buying 60,600,000 new shares at 5p each after ADDleisure's reorganisation. It will invest GBP 3.7m for a 50 per cent stake in an ADDleisure subsidiary, ADD Wellness Holdings, which gives online advice.See the full content of this document
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Small but Beautiful: Health Giant Bupa to Invest Gbp 6.7m in Addleisur
Bupa Insurance managing d...
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