Beteiligung: Volksbank Brawo steigt aus Fitnessstudios aus – Stützung läuft
Die Volksbank Brawo war zuletzt wegen milliardenschwerer Abschreibungen in Schwierigkeiten geraten. Nun hat die Bank einen Käufer für seine Beteiligung an einer Fitnesskette gefunden.
Frankfurt - The Volksbank Brawo, supported by the cooperative Solidargemeinschaft with up to 765 million Euros, is severing its ties with its investment in the Fitnessland fitness studio chain. The 24 Fitnessland studios will be taken over by the All Inclusive Fitness fitness studio chain from Rosenheim, which operates 226 studios across Germany.
The Volksbank Brawo announced this on Friday. Three Hygia brand studios are being transferred to Vita Deutschland, which has been active in North Rhine-Westphalia and the Rhine-Main region so far. The Volksbank had revealed on Tuesday that it was suffering from very high asset write-offs, particularly in real estate and investment areas.
The Bundesverband der Deutschen Volksbanken und Raiffeisenbanken (BVR) guarantee fund provided guarantees of 473 million Euros to mitigate existing risks of the institution. The guarantor also directly invested up to 250 million Euros in the Volksbank Brawo. The transaction volume of the fitness studios has reportedly been agreed upon in silence. The transfers are still subject to the cartel law clearance.
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