Breakingviews - Look out Europe: a SPAC craze is around the corner
Breakingviews 3 Min Read Xavier Niel, founder and majority-owner of French broadband Internet provider Iliad attends the company's 2017 annual results presentation in Paris, France, March 13, 2018. LONDON (Reuters Breakingviews) - American cultural imports are often regarded with froideur in France. Recently, telecoms mogul Xavier Niel and banker Matthieu Pigasse received a warmer reception for their U.S.-style special purpose acquisition company focused on consumer goods. Despite the product’s poor track record in Europe, look for the SPAC craze to infect the continent’s rainmaker class...
Source: reuters.com