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Applus draws takeover interest from Apollo, Apax

Business & FinanceDeals

Shares of Spanish industrial testing company Applus jumped 14% after Reuters exclusively reported on May 4 that the company had attracted interest from private equity firms Apax, Apollo, I Squared, and TDR. Applus confirmed in a statement through Spanish market regulator on May 5 that it has received unsolicited approaches from investors, granting them access to information for their due diligence. Reporting continued to push the shares on May 5 to the highest since 2020.

Market Impact

Shares of Spanish industrial testing company Applus jumped 14%. 

Article Tags

Topics of Interest: Business & FinanceDeals

Type: Reuters Best

Sectors: Business & Finance

Regions: Europe

Countries: Spain

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story


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