Börse Express – ‘MM’: Car companies want to bring the Here card service to the stock exchange via Spac

Börse Express – ‘MM’: Car companies want to bring the Here card service to the stock exchange via Spac
Börse Express – ‘MM’: Car companies want to bring the Here card service to the stock exchange via Spac

HAMBURG (dpa-AFX) – According to a press report, the German auto industry wants to bring the Here map service to the stock exchange. This should be done via the merger with a special purpose vehicle, a so-called Spac (Special Purpose Acquisition Company) to a high rating, reported the “Manager-Magazin” on Thursday, citing those involved. The owners, most of whom were BMW , Daimler and the VW
– Counting daughter Audi, had given their okay via the supervisory board, almost all the details had been clarified. A BMW spokesman did not want to comment on the information.

Owners expected the entry-level rating to roughly double, the report said. Audi, BMW and Daimler had Here 2015 from the Finnish technology group Nokia Taken over for around 2.6 billion euros in order not to be dependent on map services from Silicon Valley such as Google
Maps to become. One of the goals was to make automated driving possible with high-resolution maps that are constantly updated with vehicle data. The automotive industry has always shown itself to be open to new investors; after the takeover, several joined Here, including the suppliers Bosch and Continental and US chip giant Intel ./men/eas/mis

 ISIN  DE0005190003  DE0007100000  DE0007664039 

AXC0090 2021-10-21 / 08: 14

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