Applus is rising on the stock market due to the interest of several funds in taking over the company

Shares of Applus, a group that manages ITV in Galiciarose 13.83% on the stock exchange during the session this Thursday due to the possible interest of various venture capital funds in acquire a company for an amount that would exceed 1,000 million euros.

The certification company subsequently declined to comment Reuters This led to entities such as Apollo, Apax and the consortium formed by I Squared and TDR examining the operation.

The titles started the session slightly lower, however, possible interest in buying the company saw them jump as much as 15% in the final minutes of the day, making it the action that rose the most this Thursday on the Spanish stock market.

The 8.64 euros with which the company concluded puts the capitalization of the group above 1,000 million euros, a figure that investment funds could offer.

Since the beginning of the war in Ukraine and the rise in interest rates, Applus has appeared in most analytical groups as candidate to obtain a takeover offer (OPA) that would delist it from the stock market.

However, Applus is having a good year on the floor, despite rising above 10% in this Thursday’s session. The company’s shares are up 16.4% so far this year.

The company will present a next Tuesday business status update corresponding to the first quarter, after earning 51% more in FY2022.

The company is also active on the market with several purchases in recent years to diversify his income, most recently last March, when he assumed a controlling position in the capital Chamber laboratories and metrology (CLM) after an agreement with the Chamber of Commerce of Madrid.