SPAC craze reaches Sweden

Sweden is about to get its first special purpose acquisition company and pension funds are lined up to invest.

Photo: Gert Jensen

Stockholm-based investment firm Bure Equity is establishing a SPAC it says will be "adjusted" to the needs of the Swedish market.

That means it will take on a more "long-term and industrial design" than SPACs in the U.S. tend to have, Chairman Patrik Tigerschiöld said in a statement on Tuesday.

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