Smart Fit, Sports World study merger in Mexico

Smart Fit, Sports World study merger in Mexico

M&A Equity Coronavirus Mexico Brazil

Brazil's Smart Fit and Mexico's Sports World said Tuesday that they agreed to study a possible merger between the two fitness chains in Mexico, according to securities filings. The merger would create a company with 230 gyms in "several states" in Mexico, subject to regulatory approval, the two companies said in separate statements. The merger would not involve Smart Fit's business in Brazil. "The two companies expect to generate relevant synergies with a potential increase in profitability and

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