Xavier Niel co-sponsors new Spac to shake up organic food sector

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Xavier Niel co-sponsors new Spac to shake up organic food sector

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Free CEO Xavier Niel at the unveiling of the 'Bouquet of Tulips' sculpture by US artist Jeff Koons near The Petit Palais Museum in Paris on October 4, 2019. The sculpture 'Bouquet of Tulips'is dedicated to the victims of the Bataclan attack. Photo by Raphael Lafargue/ABACAPRESS.COM | Lafargue Raphael/ABACA/ABACA/PA Images

Three of France’s best known entrepreneurs have partnered up to launch a special purpose acquisition vehicle (Spac) on the French stock exchange, which is seeking to invest in organic and sustainable consumer goods. The deal has made a fast start on its first day of book building.

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