Ex-Commerzbank CEO SPAC Reaches Digital Entertainment Deal

The SPAC backed by Martin Blessing, a former CEO of Commerzbank, will merge with Dutch digital entertainment company Azerion Holding BV, Bloomberg reports.

The deal with Blessing’s EFIC1 values Azerion at about 1.3 billion euros ($1.5 billion), the two companies said in a statement. The company will rename as Azerion Group NV and start trading on the Amsterdam stock exchange in February. Read more.

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