Jul 27. () –
Applus+ has called an extraordinary shareholders’ meeting for 27 August at the request of Amber EquityCo, the joint venture between ISQ and TDR funds, after approving the company’s delisting, the certifying company reported in a statement sent to the National Securities Market Commission (CNMV) on Saturday.
The agenda proposed by Amber EquityCo, which owns 71.31% of the company’s share capital, includes the discussion and approval of the formation of revolving credits between the company controlled by the funds and Applus+.
This capital, as the company has admitted, will allow the company to access the income from disbursements under the revolving credit line to cover the company’s financial needs.
As planned, the meeting will be held exclusively online, with no physical attendance by any of the shareholders.
EXCLUSION AND LOSSES
The company expects the stock market delisting to take place before the end of the second half of the current year following the successful takeover bid (OPA) of Amber EquityCo for around 1,165 million euros, or 12.78 euros per share.
During the first half of the year, Applus+ recorded net losses of 1.1 million euros in the first six months of the year, compared to profits of 26.4 million euros obtained a year ago.
However, the group’s adjusted net result – including the accelerated depreciation of Idiada to “adapt the useful life of the assets according to the contract or duration of the concession” – stood at €61 million, 1.6% more than the €60 million of the same period in 2023.
The company’s turnover was €1,094 million between January and June, 9.3% more than the €1,000 million turnover at the end of June 2023.
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