2023-07-07 16:30:11
Morgan Stanley has raised to 9.195% its stake in Applus+compared to the 7.99% it previously owned, while the British financial institution Barclays has raised 2.153% in the company’s share capital, according to the records of the National Stock Market Commission (CNMV).
These movements occur in full swing of the takeover bid (OPA) launched for 100% of Applus+ by the Apollo fund last week and for an amount of 1,226 million euros (9.5 euros per title in cash) .
In this way, Morgan Stanley now owns 11.86 million Applus+ shares, a share package whose current market price is around 117 million euros, with the company’s price at 9.83 euros at the close of the trading day.
Meanwhile, Barclays has 2.77 million Applus shares, whose current market value stands at around 27 million euros.
On the other hand, the German asset manager DWS Investment, controlled by the German bank Deutsche Bank, has reduced its position in Applus+ from 4.923% to 2.214%, so its stake in the company at market price is around 28 million euros.
In the heat of the takeover bid for Applus+, several movements have been made in the company’s share capital in recent days, such as those of the Sand Grove Opportunities Master Fund, JP Morgan Chase, Samson Rock Capital, BG Master Fund Icav and Boussard & Gavaudan Partners, which have raised stakes of more than 1% in the Spanish inspection, testing and certification company.
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