Climate Transition Capital launches $226 million SPAC

Seojin Automotive

22/06/2021 07:37

LONDON, June 22 (Reuters) - Investment platform Climate
Transition Capital said on Tuesday it will launch a 190 million
euro ($226 million) Special Purpose Acquisition Company (SPAC)
aimed at investing in companies that are "pioneering" climate
transition.
    The company has already attracted investment from BlackRock,
the world's largest asset manager, and commodities trader
Hartree, it said. 
    SPACs raise funds to acquire a private company and take it
public, and are the latest global craze in fundraising with
record amounts funnelled to SPACs in the last two years.
    ($1 = 0.8405 euros)

 (Reporting by Lawrence White; editing by Jason Neely)
 ((lawrence.white@thomsonreuters.com; +44 20 7513 5083; Reuters
Messaging: @ReutersLawrence))