Spain's Applus narrows price range to 14-15 euros a share - sources

LONDON Tue May 6, 2014 10:19am EDT

LONDON May 6 (Reuters) - Spanish testing and inspection services company Applus has narrowed the price range for its Madrid stock market listing to 14-15 euros a share, two sources familiar with the deal said on Tuesday.

Last month sources told Reuters that Applus, which is owned by U.S. private equity firm Carlyle, was targeting a price range of 13.25-16.25 euros a share, valuing the firm at up to 2.85 billion euros.

Carlyle was not immediately available for comment. Applus declined to comment. (Reporting by Freya Berry, editing by William Hardy)