Applus

European economy 19th March 2024

European Commission requires Amber EquityCo to apply for formal clearance for Applus+ takeover

Alphavalue/DIVACONS | The European Commission required Amber EquityCo, a consortium formed by the private equity funds I Squared and TDR, to submit a formal request for authorisation for its takeover bid for Applus+ (APPS) on the understanding that this transaction must be analysed in the light of the foreign subsidies regulation. In mid-September, Amber launched a takeover bid for 100% of Applus+ at a price of €9.75/share to compete with…

Spanish economy 19th February 2024

CNMV admits Amber EquityCo’s counter-offer for Applus+ for processing

Link Securities| The National Securities Market Commission (CNMV) agreed on 16 February 2024 to admit for processing, in accordance with the provisions of article 17 of Royal Decree 1066/2007, of 27 July, on the rules governing takeover bids, the application for authorisation filed on 14/09/2023 by Amber EquityCo, S.L.U. for the launch of a voluntary takeover bid for 100% of the shares of Applus (APPS), in competition with the bid…

Spanish economy 24th January 2024

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

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…

Companies, Markets 2nd January 2024

Council of Ministers authorises Apollo fund’s takeover bid for Applus+

Alphavalue: In relation to the application for authorisation of the voluntary takeover bid made by Manzana Spain Bidco (Bidder) for all the shares of Applus+ (APPS), which was admitted for processing by the CNMV on 17 July 2023, Applus hereby states that the Council of Ministers resolved, at its meeting of 27 December 2023, following a favourable report from the Foreign Investment Board, to authorise unconditionally the foreign investment of…

In Spain 7th October 2023

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

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…

Spanish Small & Mid Caps 3rd November 2017

Spanish Small & Midcaps: Applus+

Applus+ has reiterated its 2017 targets for maintaining revenues and operating margin in line with 2016 figures, with a significant decrease in gearing expected. Its 9 months 2017 results show the continued pressure on the 0il & gas industry.