Lotus Tech will merge with a SPAC whose sponsor combined with the private equity operations of Arnault’s luxury-goods powerhouse LVMH in 2016.
Holding Group Co., agreed to merge with a blank-check company in a transaction that values the combined entity at about $5.4 billion.
L Catterton Asia Acquisition Corp. will combine with the EV making subsidiary of the British carmaking group that Geely acquired back in 2017, the two said in a statement Tuesday. The special purpose acquisition company’s sponsor has ties to Bernard Arnault, the world’s richest man. Lotus Tech has been looking to go public since at least early last year. Management may have been encouraged by another
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