JJB in race to sell Fitness Clubs business

JJb has confirmed this morning that the latest extension to its standstill arrangements with its lenders expired yesterday

The Company said it remains in active negotiations with the preferred purchaser of its Fitness Clubs business regarding the terms of a proposed disposal and with its lenders regarding the terms of their continued support of the Company.
“All parties are working to finalise and document the terms of a proposed transaction and a further announcement will be made later today ” it said.

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