Applus+ jumped more than 6% on the stock market amid the inevitable takeover bids

Price from Apple+ It’s up more than 6% (11:30 a.m.) this Friday in the heat of a possible takeover bid (download offer) inevitable.

In this way, the shares of the Galician company on the stock exchange reached €9.41 before noon, up 6.21% from the 8.86 euros recorded at the end of the day on Thursday.

the newspaper Expansion provides that the American fund I Squared would finalize the offer for Applus+ for around 2,000 million eurosat a rate of 9.5 euros per title, and that they will negotiate the support of the British fund TDR Capital for the implementation of the operation.

This context agrees with the announcement at the beginning of May last year Apple+. The company indicated the existence of “non-binding and unsolicited patterns of interest” from some investors to buy the company for an amount in excess of 1,000 million euros.

As the company explained at the time, it was requested access to the information review, which was granted, although it assured that there is still “no type of decision by any of the listed investors nor is it certain that the listed entities will carry out any additional performances. “

So, since last May 3 – shortly before the aforementioned announcement – Applus+ shares have increased in value by almost 24%going from 7.59 euros to 9.41 this Friday.

However, since the start of the war in Ukraine and the rise in interest rates, Applus+ has emerged in most analyst groups as a candidate for a takeover bid that would delist it.

entities like Apollo and Apex, Apart from the consortia they formed Me squared and TDR, they would investigate the possibility of buying the company, although the tandem of I Squared and TDR seems to have taken the lead.

Since then, when signs of interest were announced, the certification company has been the focus of attention of several investment funds and has been the subject of various capital movements.

Namely, it was carried out by the German asset manager DWS Investment, the American financial institution Morgan Stanley and the funds Nekton Global Fund Limited, Millenium Group Management and Red Wheel European Focus Master Inc.