Allen and Rear’s SPAC to target £150mn fundraise in coming days: report
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Allen and Rear’s SPAC to target £150mn fundraise in coming days: report

A special purpose acquisition company (SPAC) led by former KBW executive William Allen and former Munich Re executive Andrew Rear is targeting a £150mn ($197mn) fundraise in the coming days, according to a report from Sky News.

According to the report, the company will be named FINSAC and is due to be unveiled on the London Stock Exchange in the coming days, despite turbulent market conditions.

The

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