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Apollo acquires 21.85% of Applus+ and raises takeover bid price to €10. 65/share

TOPICS:
Applus

Posted By: The Corner 24th January 2024

Link Securities| In relation to the application for authorisation of the voluntary takeover bid launched by Manzana Spain Bidco, S.L. U (Offeror) on all the shares of Applus (APPS), filed, published and which was authorised by the National Securities Market Commission (CNMV) on 17 January 2024, the Offeror informs that on 23 January 2024, by virtue of four sale and purchase agreements entered into with holders of Applus shares and 11 sale and purchase agreements entered into with holders of derivatives on Applus shares, it has undertaken to acquire, subject to the prior fulfilment of certain conditions precedent, a total of up to 28. 204,123 Applus shares at a price per share of €10.65, representing 21.85% of the share capital of Applus.

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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.