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Applus Services, S.A. (0QTZ.IL)

IOB - IOB Delayed price. Currency in EUR
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11.58+0.10 (+0.87%)
As of 08:08AM BST. Market open.
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  • Reuters

    Applus' board favours Amber's takeover bid over Apollo's

    The takeover bidding war for industrial testing firm Applus started last summer when buyout fund Apollo and its rival Amber, a vehicle of infrastructure fund I Squared Capital Advisors and TDR Capital, filed a tender offer for the Spanish company. Both funds have improved their offers and Amber has ended up offering 11 euros per share while Apollo's bid amounts to 10.65 euros a share.

  • Reuters

    Apollo agree to buy 22% stake in Applus in tender offer after raising price

    Apollo had made a cash bid for Applus at 9.50 euros per share in June. Apollo's agreement with 15 investors in Applus is the latest episode of a bidding war pitching the U.S. fund against infrastructure fund I Squared Capital Advisors and TDR Capital, who offered 9.75 euros per share. Spain's government last month authorised Apollo to take over Applus, while the stock market regulator is still assessing I Squared and TDR's offer.

  • Reuters

    Spain greenlights Apollo's bid for Applus Services

    The decision followed a favourable report by the country's Foreign Investment Board, Manzana Spain Bidco - which is fully owned by Apollo - said in the regulatory filing. Apollo made a cash bid for Applus in June at 9.50 euros ($10.51) per share, valuing the company at 1.23 billion euros.