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Applus+ Owners Weigh Sale of Vehicle Inspection Unit

Applus+’s private equity owners are exploring options for its vehicle inspection unit, including a potential sale valuing the business at around €1 billion ($1.1 billion), sources say.

Applus+’s private equity owners are considering options for the Spanish testing, inspection and certification company’s vehicle inspection unit, including a possible sale that could value the business at around €1 billion ($1.1 billion), according to two people familiar with the matter.