The National Securities Market Commission (CNMV) has authorized the delisting offer of Applus+ raised by the ISQ and TDR funds through their joint venture Amber EquityCo on July 19, according to The regulator reported in a statement.
“Authorize the exclusion offer of Applus Services presented by Amber EquityCo on July 19, 2024 and admitted for processing on July 31, 2024, considering its terms adjusted to current regulations and considering the content of the explanatory prospectus presented after the “last modifications registered on October 25, 2024”, the CNMV has detailed.
Likewise, he recalled that the offer is directed at 100% of the share capital of Applus+, made up of 129,074,133 shares admitted to trading on the Madrid, Barcelona, Bilbao and Valencia Stock Exchanges and integrated into the stock market interconnection system, with the exception of 93,426,676 securities that have been immobilized by Amber.
In this way, the offer effectively extends to the acquisition of 35,647,457 shares of Applus Services, representing 27.62% of its share capital, and the offer price is 12.78 euros per share.
In this sense, the organization has stressed that Applus+ shares will be excluded from stock market trading when the operation has been settled.
“In the event that the circumstances indicated in article 116, relating to forced sales, of the aforementioned Law occur, the shares will be excluded from trading when the last of the possible forced sales operations has been settled or has expired. the deadline to demand them, in accordance with the provisions of the aforementioned article and corresponding regulations,” adds the CNMV statement.
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