CADE gives approval for the sale of 51% of Bluefit to an Abu Dhabi government fund

Summary

The Superintendu00eancia-Geral do Conselho Administrativo de Defesa Econu00f4mica (SG/Cade) has approved the acquisition of 51% of Bluefit by MC Brazil, a company owned by the sovereign fund of the government of Abu Dhabi. The operation, considered a substitution of economic agents, does not raise competition concerns, as none of the companies in the Mubadala Group have control or participation in any company operating in the gym industry, including Bluefit. The decision is final and will take effect unless appealed or overturned by the Tribunal do Cade or third-party interested parties within 15 days.