Red Wheel European Focus fund doubles its position in Applus+

investment fund Red Wheel European Focus Master Inc. has doubled its position in Apple+ to 2.079%, compared to the 1.03% it owned before this operation, according to National Securities Market Commission records (CNMV).

Namely, the share package of the fund consists of 2.82 million titles, which is why its market price is 25.42 million euros, with Applus+ shares are 9 euros each at the close of trading this Thursday.

So Red Wheel European Focus Master Inc. has doubled its weight in the company in just two months considering that the previous note that appears in the CNMV records about the fund’s participation in Applus+ dates back to March 28, when its share package amounted to 1.4 million shares, which corresponds to 1.03% of the certification company’s share capital.

The price of Applus+ rose 3.99%, to 9 euros per share, at the close of trading this Thursday due to the “non-binding and unsolicited patterns of interest” that the company notified the CNMV at the beginning of May.

According to various media, entities such as Apollo, Apax and the consortium they form Me squared and TDR They are investigating the possibility of taking over the company.

In this context, the certification company has been in the focus of several investment funds in recent weeks following the above announcement and has been the subject of several changes in its capital, the latest of which was that of Red Wheel European Focus Master. Inch. , held this Thursday.

Thus, the other movements in recent weeks were carried out by the German asset manager DWS investmentsby an American financial institution Morgan Stanley and for funds Nekton Global Fund Limited and Management of the Millennium Group.

Following the latest operations, DWS Investment controls 4.923% of Applus+, Morgan Stanley 5.856%, Millenium Group Management 1.048% and Nekton Global Fund Limited 1.019%.