Bloomberg: CIIG Said to be Eyeing Arrival Ltd.

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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