Applus draws takeover interest from Apollo, Apax | Reuters News Agency
Business & FinanceDeals

Applus draws takeover interest from Apollo, Apax

Shares of Spanish industrial testing company Applus jumped 14% after Reuters exclusively reported on May 4 that the company had attracted interest from private equity firms Apax, Apollo, I Squared, and TDR. Applus confirmed in a statement through Spanish market regulator on May 5 that it has received unsolicited approaches from investors, granting them access to information for their due diligence. Reporting continued to push the shares on May 5 to the highest since 2020.

Market Impact

Shares of Spanish industrial testing company Applus jumped 14%. 



Article Tags
Topics of Interest: Business & FinanceDeals
Type: Reuters Best
Sectors: Business & Finance
Regions: Europe
Countries: Spain
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
Spanish savings bank Caja Madrid's Chairman Miguel Blesa (L), Spain's water treatment company Aguas de Barcelona's Chairman Ricardo Fornesa (C) and Spanish electricity company Union Fenosa's Chairman Antonio Basagoiti join hands before a news conference in Madrid July 28, 2005. Caja Madrid will buy a 19 percent stake in techonology and services joint venture Applus+, run by Union Fenosa and Aguas de Barcelona. REUTERS/Susana Vera  SV/LA
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