Gisbert Rühl launches SPAC on the Frankfurt Stock Exchange

Sophie Deistler Sophie Deistler | 14.10.2021

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 and thus help a start-up to go public. Sustainability is important to the former managing director of steel trader Klöckner & Co. He wants 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 of the Handelsblatt's newspaper, Rühl explains his expectations for the dream start-up. He assumes that the company already has sales and is successful on the market with its product. In addition, the total volume of the start-up should be between 500 million and 1.5 billion euros.


Like it? Please spread the word:

Newsletter

Startups, stories and stats from the German startup ecosystem straight to your inbox. Subscribe with 2 clicks. Noice.

LinkedIn Connect

Take care, give care

Did this news inform or entertain you? Then we would be happy if you tell your network about it.

Share on Linkedin Share on Facebook Share on Xing

FYI: 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?

Go to English edition

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?

Deutsche Edition öffnen

Similar posts