TryghedsGruppen smba and Altor Fund III, managed by Altor Equity Partners entered into agreement to acquire Fitness DK Holding A/S from PARKEN Sport & Entertainment A/S (CPSE:PARKEN) for DKK 100 million on June 28, 2018. The consideration is on a cash and debt-free basis will be paid at the completion of transaction. The transaction is subject to the approval of competition authorities and has been notified to the EU Commission. The provisional deadline by the EU Commission is August 9, 2018. As on July 27, 2018, the transaction was approved by the EU Commission. The transaction is expected to close by the end of August 2018. The sale will have a positive impact on net interest-bearing debt and the equity ratio will remain above 30%. TryghedsGruppen smba and Altor Fund III, managed by Altor Equity Partners completed the acquisition of Fitness DK Holding A/S from PARKEN Sport & Entertainment A/S (CPSE:PARKEN) on August 31, 2018. All terms of sale, including approval from the competition authorities, have been met.