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Apollo and Apax said to be circling Applus Services, reveals Reuters

Shares in Applus Services, the Spanish industrial testing company, are on a tear this morning thanks to an overnight scoop from Reuters hacks.

Andres Gonzalez and Amy-Jo Crowley of Reuters report that several private equuity firms, includng Apollo and Apax, are considering offers for Applus.

A consortium formed by I Squared and TDR has also signalled potential appetite for a takeover of the EURO 1 billion company, according to Reuters piece...