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Home » Morgan Stanley increases its stake in Applus+

Morgan Stanley increases its stake in Applus+

Swiss bank Zürcher Kantonalbank has declared a 1.051% stake in Spanish company Applus+, as registered with the National Securities Market Commission. This participation is a block of shares consisting of 1.35 million shares with a current value of 13.39 million euros.

This statement comes in the context of a takeover bid (OPA) launched by the Apollo fund on June 30 for 100% of Applus+, valued at €1,226 million (€9.5 per share in cash).

On the other hand, US investment bank Morgan Stanley has increased its stake in Applus+ to 9.834%. This move was reported to the National Securities Market Commission. In fact, this is Morgan Stanley’s fifth investment in Applus+’s share capital since the announcement of the Apollo tender offer. Since then, Morgan Stanley’s stake has fluctuated between 7.999% and 9.834% today.

There have been several movements in Applus+’s share capital over the past few weeks. Among them are those from Sand Grove Opportunities Master Fund, JP Morgan Chase, Samson Rock Capital, BG Master Fund Icav, Victory Capital Management and Boussard & Gavaudan Partners, which have declared stakes of more than 1% in the investment company. Inspection, testing and certification.

Additionally, British bank Barclays last week increased a 2.153% stake in Applus+’s share capital, while French banking group BPCE, through its subsidiary Natixis, announced a 1.39% stake in the company. On the other hand, Deutsche Bank-controlled German asset manager DWS Investment has reduced its stake in Applus+ from 4.923% to 2.214%. In addition, Harris Associates has reduced its stake in the company to 2.959% and Norges Bank has reduced its stake to 1.832%.

Following the takeover bid by investment fund Apollo, the company is in a good moment, at highs for the year and waiting to see what happens with the company’s operations.

These capital movements by Applus+ reflect the interest in the Spanish company from various financial institutions and investment funds. The Apollo bid has attracted investor interest, leading to an increase in transactions and changes in Applus+’s shareholdings. The market remains alert to new moves and news related to the takeover bid and the development of the stake in Applus+.

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