Spain's Applus $3.3 bln IPO due next week in Madrid - sources

LONDON, March 28 Fri Mar 28, 2014 5:40am EDT

LONDON, March 28 (Reuters) - Spanish testing company Applus is planning to announce its Madrid initial public offering (IPO) next week, two sources said on Friday.

Last week a source told Reuters that the company, which is owned by Carlyle, was targeting a valuation of approximately 2.2 billion euros ($3-3.3 billion). Applus and Carlyle declined to comment. ($1 = 0.7278 Euros) (Reporting by Freya Berry in London and Robert Hetz in Madrid)

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