Basic-Fit plans Amsterdam IPO to bulk up in Europe

By Thomas Escritt
AMSTERDAM (Reuters) – Dutch gym chain Basic-Fit, which has more than 1 million members across Europe, plans to list nearly half of its shares on the stock market in an initial public offering which could value the company at around 1 billion euros ($1.1 billion).
Fifty two percent owned by British private equity firm 3i Group Plc, Basic-Fit would list “more than 25 percent and less than half” its shares, Chief Executive Rene Moos said.
The income would be used