Luxembourg, Netherlands reap SPAC benefit after US downturn
European financial centres are competing to benefit from rapid growth in SPAC investment vehicles on this side of the Atlantic after they came under regulatory fire in the United States. The Netherland’s Euronext leads in numbers, but Luxembourg attracts those with particular tax needs.
Luxembourg benefits from controversial SPACs
“Spac share prices slump as enthusiasm wanes”, announced the Financial Times on 2 May. On 4 May: “A reckoning for Spacs: will regulators deflate the boom?” Contrast such headlines with the title of a recent event held in Luxembourg “SPAC CRAZE: Why sponsors and targets have become crazy about Luxembourg”.