CNMV cautiously suspends trading in Applus shares

National Commission for the Stock Market (CNMV) temporarily suspended trading of shares on the stock exchange Apple+ “while relevant information about the above entity is being disseminated.”

The Actions The company closed yesterday at a price of €9.32with an advance of 0.3% compared to Wednesday’s price.

Last June 19 I squared the equitywith the support of investment funds managed by TDR, confirmed that it is studying the possibility of making a Public Takeover Offer (OPA) of all shares of Applus+, but that at that moment it has not made any decision.

According to the information published in the press of those days, I Squared’s offer could be around 2,000 million euroscause of 9.5 euros per title.

In early May, Applus+ confirmed the existence of “non-binding and unsolicited expressions of interest” from some investors to buy the company for more than 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. “

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

Since the publication of the expression of interest, the certification company has been targeted by several investment funds and is 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.