Benefit Systems to buy 50.1% stake in Calypso Fitness for PLN 81.25 mln

Benefit Systems has signed a letter of intent to increase its stake in Calypso Fitness through buying an additional 50.1 percent shares in the company for PLN 81.25 million, the company said. Currently, the company has a 33.3 percent stake in Calypso Fitness. After the transaction is concluded, Benefit Systems' engagement will grow to 83.4 percent. Meanwhile, Fit Invest, a unit of Benefit Systems, has signed three investment deals, stipulating an increase in Zdrofit's stake to 55.03 percent for PLN 9.6 million and the acquisition of a 30 percent stake in Fitness Clubs S4 and Tiger for PLN 6.8 million and PLN 6 million, accordingly.