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Applus shares soar more than 5% on the stock market after Amber's takeover and are close to 10 euros

MADRID, 14 Sep.

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Applus shares soar more than 5% on the stock market after Amber's takeover and are close to 10 euros

MADRID, 14 Sep. (EUROPA PRESS) -

Applus shares rose 5.5% at 9:26 a.m., to 9.98 euros per share, after the takeover launched by Amber, a joint venture between the ISQ and TDR funds, at a price of 9.75 euros per share. action.

As soon as the session began this Thursday, Applus shares rose in value by more than 4%, a percentage that later increased to more than 5%, exceeding the price offered by Amber (9.75 euros per share) and Apollo. that last June launched a Public Acquisition Offer (OPA) on the Spanish company at 9.50 euros per share.

Amber's voluntary takeover bid is directed at 129,074,133 shares of Applus, representing 100% of the share capital, which means valuing the company at more than 1,258.4 million euros.

In a communication sent this Thursday to the National Securities Market Commission (CNMV), Amber specifies that the offer will be paid in cash in its entirety and that it has "the necessary debt and capital commitments" to meet the consideration offered to the Applus shareholders.

Amber considers that the price offered, 9.75 euros per share, meets the legal requirements of "fair price." For these purposes, it has appointed Kroll Advisory as an independent expert to issue a valuation report justifying the price of the offer.

In any case, Amber defends that its offer is 4.95% higher than the trading price of Applus shares at market close on June 28, 2023, the last trading day immediately prior to the submission of the request for the rival takeover bid, that of Apollo.

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Applus