BUZZ-Viva Leisure gains on acquiring stake in World Gym Australia

Reuters
2024-12-10
BUZZ-Viva Leisure gains on acquiring stake in World Gym Australia

** Shares of Viva Leisure VVA.AX rise as much as 4.5% to A$1.390, their biggest intraday pct gain since Nov. 26

** Health club operator acquires 25% equity stake in World Gym Australia and 100% stake in three of its locations in Queensland for a total of A$16.7 million ($10.7 million)

** Says it expects FY24 actual revenue of A$163.6 mln after completion of acquisition; it previously forecast FY24 revenue of A$162 mln to A$164 mln

** Including session's gains, VVA down 10.2% YTD as of 1225 GMT

($1 = 1.5547 Australian dollars)

(Reporting by Adwitiya Srivastava in Bengaluru)

((Adwitiya.Srivastava@thomsonreuters.com;))

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