Branson Hints at Setting Up a Virgin Group SPAC in Amsterdam
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Richard Branson hinted but stopped short of confirming a report that his Virgin Group is considering setting up a blank-check company in the Netherlands, in what would be his first use of the structure in Europe.
The serial entrepreneur will probably seek to raise some 200 million euros ($227 million) by selling of shares in a special purpose acquisition company, with the aim of later merging the shell with an existing business, Sky News reported earlier.