FP Davies in sporting deal

PUBLISHED : Thursday, 22 December, 1994, 12:00am
UPDATED : Thursday, 22 December, 1994, 12:00am

FIRST Pacific Davies has acquired 66.66 per cent of SPORTathlon Holdings at a cost of $23 million.

The managing director of First Pacific Davies, David Davies, said the acquisition would strengthen the group's existing activities, which included property agency and management, and facility and transport management.

SPORTathlon specialises in club management, sports coaching and leisure supplies. It manages 18 clubs or facilities in Hong Kong, China and Thailand.