Oil SPAC Attracts Norway’s Sovereign Wealth Fund
International special-purpose acquisition companies, or SPACs, that focus on the energy sector are attracting large institutional investors. SPACs are blank-check companies that sell shares to raise capital to acquire companies that have not been selected yet. Typically, investors who invest in a SPAC are betting on the management team and their deal flow.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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