Federal Finance Ministry considers Spacs "sensible" - but warns of risks

Lars-Thorben Niggehoff Lars-Thorben Niggehoff | 10.05.2021

A question from the parliamentary group of the Greens shows how the House of Olaf Scholz assesses the current Spac boom. The answer is ambiguous - probably also because so far only a few Spacs fall within the remit of the House.

The Federal Ministry of Finance considers Spacs a "useful addition" to existing financing options, but also warns of the risks that these shell companies entail. That's according to a response from the ministry to a question from Green Party MP Danyal Bayaz, first reported by Gründerszene

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On the one hand, the Federal Ministry sees the risk that investors agree to a company takeover without being sufficiently informed. On the other hand, there is the risk of conflicts of interest with the sponsors behind it, it said. "The financial regulator Bafin and the Federal Ministry of Finance would do well to evaluate developments very carefully. Risks for investors must be clearly stated and potentials must be used in the best possible way," Danyal Bayaz also tells Gründerszene

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In the USA, a real Spac boom has been going on for a few months, but now the stock exchange supervisory authority there wants to stifle it for the time being with the help of new accounting regulations. In this country, at least the Ministry of Finance does not seem to see any need for action yet. So far, only two Spacs have been launched on a German stock exchange: one by Lakestar founder Klaus Hommels and one by heads from the Rocket Internet environment.


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Investor 2014 Berlin Rocket Internet Rocket Internet incubates, builds and operationally develops internet-based business models. It provides operational support to its companies and helps them scale internationally.

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