Europe’s largest stock exchange shell Pegasus Europe gives up, the flops increase – Finanzen & Börse

With 484 million euros in their pockets, the initiators of the empty Pegasus Europe exchange shell went looking for a fintech company two years ago – now they are giving up. The largest Spac (Special Purpose Acquisition Company) wants to return its investors their money, according to the invitation to the annual general meeting on May 2nd. You might expect just under the paid-in ten euros per share. Because the initiators around the French billionaire Bernard Arnault (LVMH) and the former UniCredit boss Jean-Pierre Mustier had to admit that they had not found a takeover object that they might have brought to the stock exchange.