Alvarez & Marsal unit creates Brazil's first SPAC

SAO PAULO, Dec 8 (Reuters) - The Brazilian unit of management consulting firm Alvarez & Marsal said on Thursday that Brazilian securities industry regulator CVM had approved the creation of the first local special purpose acquisition company (SPAC).

The SPAC's sponsor is Alvarez & Marsal Holdings LLC, the company said in a securities filing.

The SPAC intends to complete a share offering using a Brazilian regulation that allows sales only to professional investors. It will list its shares on Brazil's B3 SA Brasil Bolsa Balcao B3SA3.SA exchange, it said.

(Reporting by Tatiana Bautzer; editing by Jason Neely)

((; Tel: +55-11-5644-7756; Mob: +55-119-4210-4173; Reuters Messaging:

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


More Related Articles

Info icon

This data feed is not available at this time.

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.