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Apollo takeover bid for 100% of Applus+ pending approval of Chinese, Kuwaiti and Saudi competition authorities

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Applus

Posted By: The Corner 7th October 2023

Alphavalue/DIVACONS | Apollo’s takeover bid for 100% of Applus+ (APPS) is pending approval from the national competition authorities of China, Kuwait and Saudi Arabia, Apollo informed the Spanish Securities and Exchange Commission (CNMV) on Thursday. In this regard, the US fund highlighted that it has already received authorisation from the competition authorities of Brazil (11 August), Canada (14 August) and Chile (15 September), as well as from the European Commission (2 October).

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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.