Brief: Applus Informs Tender Offer For 80% Share Capital Of Its Subsidiary Idiada Automotive Technology By Government Of Catalonia

Applus Services SA

18/03/2024 15:29

March 18 (Reuters) - Applus Services SA  APPS.MC :
    * GOVERNMENT OF CATALONIA PUBLISHED TENDER FOR SALE OF 80%
OF
SHARE CAPITAL OF IDIADA AUTOMOTIVE TECHNOLOGY, CURRENTLY OWNED
BY APPLUS+
    * THE REMAINING 20% CORRESPOND TO THE GENERALITAT DE
CATALUÑA
    * SHARES CURRENTLY OWNED BY APPLUS+ ARE SUBJECT TO REVERSION
AT
END OF CURRENT CONTRACT, SEPTEMBER 2024, IN FAVOUR OF
GENERALITAT OF CATALONIA
    * TENDER STATES CONTRACT IS FOR 25 YEARS AND HAS A MINIMUM
PRICE
OF 238 MILLION EUROS FOR 80% OF THE SHARES

Source text for Eikon:  ID:nCNM7l5P4H 
Further company coverage:  APPS.MC 

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