The company wants to invest a big part of its capital to contract Agassi, owner Norbert Schobert said. Norbi Update, which currenty owns 112 stores in three countries, aims at developing its business abroad.

Norbi Update Lowcarb’s IPO started on September 8 and will wind up on September 26. The company plans to sell at most 2.2 million shares at an initial price of HUF 990 a piece. The shares, which will be listed on the Budapest Stock Exchange, account for 34 to 35p% of the registered capital.

Agassi said yesterday in Budapest he hoped his partnership with the company would be a successful step in the battle against the global problem of obesity and unhealthy lifestyle.