Gisbert Rühl launches SPAC on the Frankfurt Stock Exchange
The former CEO of Klöckner & Co. wants to take a sustainable start-up public with the help of a SPAC.
In an ad hoc announcement, Gisbert Rühl announced his intention to go public on the Frankfurt Stock Exchange with a SPAC. With the Special Purpose Acquisition Company, he wants to raise 125 million euros to help a start-up go public. Sustainability is important to the former Managing Director of steel trader Klöckner & Co. He would like to acquire a start-up that develops technologies that reduce CO2 emissions. The SPAC is called GFJ ESG Acquisition. It is named after the first names of Rühl and his co-investors Florian Fritsch and Josef Brunner.
In a report in the Handelsblatt Rühl explains his expectations of the dream start-up. He assumes that the company is already generating sales and is successful with its product on the market. In addition, the total volume of the start-up should be between 500 million and 1.5 billion euros.
Newsletter
Startups, stories and stats from the German startup ecosystem straight to your inbox. Subscribe with 2 clicks. Noice.
LinkedIn ConnectFYI: English edition available
Hello my friend, have you been stranded on the German edition of Startbase? At least your browser tells us, that you do not speak German - so maybe you would like to switch to the English edition instead?
FYI: Deutsche Edition verfügbar
Hallo mein Freund, du befindest dich auf der Englischen Edition der Startbase und laut deinem Browser sprichst du eigentlich auch Deutsch. Magst du die Sprache wechseln?
