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Latest SPAC News: SPEAR Investments I in advanced discussions to acquire QEV Technologies
Dutch SPAC in advanced talks to acquire electric vehicle group
SPEAR Investments I, a special purpose acquisition company, is in advanced discussions to acquire QEV Technologies, a Spanish electric vehicle firm, at a valuation of 209 million euros ($234 million), the companies said on Thursday.
The deal will see QEV Technologies, which recently won a tender to operate a former Nissan manufacturing facility in Barcelona, merge into SPEAR Investments I and trade on the Amsterdam bourse.