Post a Comment Print Share on Facebook
Featured Japón Feijóo México Educación Crímenes

Applus shares soar 9% after confirming investor interest in acquiring it

MADRID, 5 May.

- 0 reads.

Applus shares soar 9% after confirming investor interest in acquiring it


Applus shares soared 9% in the early stages of the trading session this Friday, up to 9.42 euros, after the company confirmed "signs of interest" in its acquisition by certain investors.

With this increase, the Applus shares continue their 'bullish rally' after yesterday they rose almost 14% at the close of the session due to the possible interest of various venture capital funds in acquiring the company for an amount that would exceed 1,000 million of euros.

This morning, before the market opened, Applus confirmed to the National Securities Market Commission (CNMV) that it has received "non-binding and unsolicited samples of interest" from certain investors, to acquire it.

The group has explained that access to a review of information has been requested, which has been granted, and that for now "there is no type of decision on the part of any of said investors or certainty that said entities are going to carry out any additional action ".

Since the start of the war in Ukraine and the rise in interest rates, Applus has appeared in most analyst pools as a candidate to receive a takeover bid (OPA) that would exclude it from the stock market.

The company will present an update on the state of the business for the first quarter next Tuesday, after earning 51% more in fiscal year 2022.

The company has also been active in the market with several purchases in recent years to diversify its income, most recently last March, when it took a controlling position in the capital of Cámara Laboratorios y Metrología (CLM) after an agreement with the Chamber of Commerce of Madrid.