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SPAC invaders: The rise and rise of 'blank cheque' funds citywireselector.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from citywireselector.com Daily Mail and Mail on Sunday newspapers.
Bernard Arnault helps Europe jump aboard the Spac bandwagon The market for blank cheque firms has got off to a slow start on this side of the Atlantic – but it is growing 17 February 2021 • 6:00am Bernard Arnault, one of the world’s wealthiest men, amassed his fortune through savvy M&A deals over a four-decade-long career, so it should come as little surprise that the LVMH boss is taking the European lead on the latest dealmaking craze: special purpose acquisition vehicles – or “Spacs”. Spacs are types of “blank cheque” firms typically listed as a cash shell on a stock exchange with a promise to swoop on a takeover target. ....
Orosur Mining Inc Announces Board Appointment and Drilling Update ( AIM:OMI ), a South American-focused gold developer and explorer, is pleased to announce a new appointment to the Board and to provide a drilling update at its Anzá project. Board Appointment The Company is pleased to announce the appointment of Mr. Nicholas (Nick) von Schirnding to the Company s Board as an Independent Non-Executive Director with immediate effect. Nick has over 25 years experience in mining and natural resources, including strategic development, M&A, restructuring, driving operational change and corporate governance. Nick is Executive Chairman of Arc Minerals plc, a London listed mining group with interests in Africa,and also Chairman of Fodere Group, a private company that has developed environmentally sustainable technology to extract high value minerals from ore. In addition, Nick is a Non-Executive Director of Jangada Mines plc and Edenville Energy plc, which are ....