Former Intesa CEO launches big Spac to invest in fintech or NPLs

By Sam Kerr
15 Jan 2018

Corrado Passera, former CEO of Intesa Sanpaolo and government minister, is leading the promotion of a €500m special purpose acquisition company (Spac) focusing on financial services.

Credit Suisse and Banca IMI are global coordinators on the Spac IPO, with Equita Sim as bookrunner.

Passera is promoting the new vehicle, Spaxs, together with Andrea Clamer, former head of non-performing loans at Banca Ifis.

The vehicle will aim to buy a company in the Italian financial services and banking ...

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