In Europe

Applus

European Commission requires Amber EquityCo to apply for formal clearance for Applus+ takeover

Alphavalue/DIVACONS | The European Commission required Amber EquityCo, a consortium formed by the private equity funds I Squared and TDR, to submit a formal request for authorisation for its takeover bid for Applus+ (APPS) on the understanding that this transaction must be analysed in the light of the foreign subsidies regulation. In mid-September, Amber launched a takeover bid for 100% of Applus+ at a price of €9.75/share to compete with…

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Brussels fines Apple €1.84 billion, just 0.06% of its market cap, for preventing competition from music streaming rivals

Bankinter: The EU has fined Apple €1.8 billion for abuse of dominant position in the music streaming segment, following a lawsuit filed by Spotify. Apple has indicated that it will appeal the fine as it considers that no conclusive evidence of harm to consumers or competition in the market has been presented. Analysis: Although the news is undoubtedly negative and in the short term the stock fell yesterday, we note…