Applus draws takeover interest from Apollo, Apax

Shares of Spanish industrial testing company Applus jumped 14% after Reuters exclusively reported on May 4 that the company had attracted interest from private equity firms Apax, Apollo, I Squared, and TDR. Applus confirmed in a statement through Spanish market regulator on May 5 that it has received unsolicited approaches from investors, granting them access to information for their due diligence. Reporting continued to push the shares on May 5 to the highest since 2020.