MADRID, 2 Feb. (EUROPA PRESS) -
The Council of Ministers resolved, at its meeting on January 30, 2024 and following a favorable report from the Foreign Investment Board, to authorize without conditions Amber's takeover bid (OPA) for the Spanish company Applus, as notified this Friday the company to the National Securities Market Commission (CNMV).
This authorization is required prior to the approval of the takeover bid by the CNMV.
The ISQ and TDR funds, through their joint venture Amber, announced a takeover bid for all of Applus's shares at a price of 9.75 euros per share, entering into a war with the American fund Apollo, which recently improved its offer on Applus up to 10.65 euros per title.
Amber's voluntary takeover bid is directed at 129,074,133 shares of Applus, representing 100% of the share capital, which means valuing the company at more than 1,258.4 million euros.