Ex-Commerzbank CEO Plans Fintech SPAC Listing
- EFIC1 SPAC plans to raise up to 415 million euros from listing
- SPAC is first in Europe to target fintech companies: Blessing
This article is for subscribers only.
A SPAC backed by Martin Blessing, Commerzbank AG’s former chief executive officer, plans to list in Amsterdam and target investments in financial services and technology companies.
The special purpose acquisition company, EFIC1, will seek to raise as much as 415 million euros ($496 million) and seek out companies in Europe, including the U.K. and Israel, according to a statement Monday, confirming an earlier Bloomberg News report.