RPT-Spain's Applus says sets IPO price at 14.5 euros a share

Thu May 8, 2014 3:32am EDT

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MADRID May 8 (Reuters) - Spanish testing and inspection services company Applus IPO-AST.MC said early Thursday it had set the price for its Madrid stock market listing at 14.5 euros ($20.19) per share.

The market valuation of Applus, which is owned by U.S. private equity firm Carlyle, would be 1.9 billion euros based on the price.

($1 = 0.7183 Euros) (Reporting by Paul Day; Editing by Tracy Rucinski)