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home / news releases / GBLBF - Nassef Sawiris GBL Backing Makes Avanti Acquisition The Best Kind Of SPAC

GBLBF - Nassef Sawiris GBL Backing Makes Avanti Acquisition The Best Kind Of SPAC

Groupe Bruxelles Lambert
  • Avanti Acquisition pitching its focus on family and founder-led European targets. Merger talks with European fintech can't be verified at this time from credible news sources, but useful to watch.
  • On its website, Avanti Acquisition refers to sponsors NNS Group and Sienna Capital as its founders.
  • NNS Group is owned by Egypt's wealthiest family and Sienna Capital is a wholly-owned subsidiary of Groupe Bruxelles Lambert, a well-known extremely diversified investment holding company.
  • Avanti's stellar management team, headed by billionaire CEO Nassef Sawiris, plans to acquire one or more businesses across various industries in Europe, with a strong U.S. nexus and international reach.

For further details see:

Nassef Sawiris, GBL Backing Makes Avanti Acquisition The Best Kind Of SPAC
Stock Information
Company Name: Groupe Bruxelles Lambert
Stock Symbol: GBLBF
Market: OTC
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