One more perhaps "LONDON (Reuters) - Global miner Glencore, Chrysler parent Stellantis and Volkswagen's battery unit PowerCo have agreed to back a $1 billion deal by blank-cheque fund ACG Acquisition Company to buy two mines in Brazil, ACG said on Monday.
The deal comes as a mining M&A spree picks up, spurred in part by investors betting on rising demand for metals needed for the global green energy transition in coming years.
ACG, a London-listed special purpose acquisition company (SPAC), will buy the Santa Rita nickel sulphide and Serrote copper mines from private equity funds advised by Appian Capital, which has hired Standard Chartered and Citigroup on the sale, it said in a statement.
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Listing is to LSE not NYSE. Be interesting to watch and wonder why. LSE is seeming to lose capital to others.
https://www.acgcorp.co/ipo-documents-and-announcements/ipo/
Ps watching not buying !!
