Wiese's Brait lifts 80% of Virgin gyms
17 April 2015 - 02:00
Virgin Active has agreed to be bought by the investment company owned by South African billionaire Christo Wiese for £682-million, prompting the UK health-club chain to cancel its plans to list on the JSE. Wiese's company, Brait, will take an 80% stake in Virgin Active, valuing the gym chain at £1.3-billion, Brait said yesterday.
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