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Bloomberg: CIIG Said to be Eyeing Arrival Ltd.

November 18, 2020
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Arrival Ltd., which makes electric vans and buses, is in talks to combine with CIIG Merger, Bloomberg reports.

CIIG is talking with investors about raising $400 million to $500 million to support a transaction for the startup, Bloomberg reported. The enterprise value of the combined company is set to be $5 billion to $6 billion, one source said. Read more.

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