Former Intesa CEO prices largest SPAC in Italian history

Sam Kerr

January 29, 2018 03:30 PM

PA-Passera — Corrado Passera attending Teatro alla Scala open season day 2015 in Milan, Italy. | Riccardo Giordano/PA Images

SPAXS, the special purpose acquisition company (SPAC) of Corrado Passera, the former chief executive of Intesa Sanpaolo and a former Italian minister, attracted a rapturous reception from investors on Friday, allowing it to increase the fundraising to €600m at pricing.

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Italy Credit Suisse Equity IPOs RMBS Intesa Sanpaolo Securitization Equity Europe EMEA FIG

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Sam Kerr