Global insurance company MAPFRE’s assistance division, MAWDY, has partnered with Italian insurer VITTORIA ASSICURAZIONI to provide assistance services to
By Reuters Staff
2 Min Read
MILAN, May 10 (Reuters) - Two known Italian business executives said on Monday they would list a 200 million euro ($243 million) special purpose acquisition company (SPAC) in Milan by the end of May to target opportunities in the insurance sector.
A SPAC is a shell company that raises money in an initial public offering (IPO) to merge with a privately held company, that then becomes publicly traded as a result.
REVO SPAC was formed by Alberto Minali, the former CEO of Italian insurer Cattolica, and Claudio Costamagna, the former chairman of Italian state lender CDP, and joins a wave of similar listings on Wall Street and more recently in Europe.
Italian SPAC Aims to Target Deals in Insurance Sector May 10, 2021
MILAN – Two known Italian business executives said on Monday they would list a 200 million euro ($243 million) special purpose acquisition company (SPAC) in Milan by the end of May to target opportunities in the insurance sector.
A SPAC is a shell company that raises money in an initial public offering (IPO) to merge with a privately held company, that then becomes publicly traded as a result.
REVO SPAC was formed by Alberto Minali, the former CEO of Italian insurer Cattolica, and Claudio Costamagna, the former chairman of Italian state lender CDP, and joins a wave of similar listings on Wall Street and more recently in Europe.
Claudio Bedino, Co-founder of Oval Money and Starteed startups, had compiled an exhaustive list of the top 150 fintech leaders and influencers in Italy. While we could not include all of them here, we have handpicked a few fintech leaders to be featured from the Top 150 list.
Here are the 15 fintech leaders and influencers in Italy you should follow in 2021:
Paolo Sironi