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Italy's REVO SPAC aims to raise 200 mln euros for insurance deals

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. ....

Fondazione Cariverona , Vittoria Assicurazioni , Claudio Costamagna , Intesa Sanpaolo , Andrea Mandal , Elisa Anzolin , Alberto Minali , Thomson Reuters Trust Principles , Scor Reinsurance Group , Milan Stock Exchange , Wall Street , Louise Heavens , Thomson Reuters Trust , ஈண்தெச சன்ப்ொலோ , ஆண்ட்ரியா மண்டல் , ஆல்பர்டோ மினாலி , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ் , மிலன் ஸ்டாக் பரிமாற்றம் , சுவர் தெரு , லூயிஸ் வானம் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ,

Italian SPAC Aims to Target Deals in Insurance Sector

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. ....

Fondazione Cariverona , Vittoria Assicurazioni , Claudio Costamagna , Intesa Sanpaolo , Andrea Mandal , Elisa Anzolin , Alberto Minali , Scor Reinsurance Group , Milan Stock Exchange , Wall Street , Louise Heavens , ஈண்தெச சன்ப்ொலோ , ஆண்ட்ரியா மண்டல் , ஆல்பர்டோ மினாலி , மிலன் ஸ்டாக் பரிமாற்றம் , சுவர் தெரு , லூயிஸ் வானம் ,