News
29 September 2023

$1bn metals SPAC deal backed by Glencore, automakers collapses

In:
Metals and Mining
Region:
Europe

A $1 billion metals deal by blank-cheque fund ACG Acquisition has been terminated following delays when the different sides, which included Glencore and top automakers as anchor investors, tried to revise it, ACG said.ACG, a London-listed special purpose acquisition company (SPAC), planned to buy a...

Exclusive subscriber content…

If you are a TXF subscriber, please login to continue reading

Login

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to TXF Intelligence contact us

Request Access

You might also like


Perspective
03 September 2026

Taean: A Korean offshore wind test case for ECAs

The embryonic Korean offshore wind market is a long way off project finance adolescence. A viable ECA-backed template for big-ticket projects is set to emerge next year – but...

Perspective
03 September 2026

Serica and Adura: A modest comeback for North Sea RBLs

Serica Energy’s oversubscribed $750 million refinancing and Adura’s $3 billion RBL show that bank liquidity is returning to the UK’s North Sea. But it is returning on terms...