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Lakestar's Hommels launches Frankfurt blank cheque company

BERLIN/LONDON, Feb 17 (Reuters) - German venture capitalist Klaus Hommels launched a blank cheque company in Frankfurt on Wednesday through his firm Lakestar, offering a European route to the stock market for tech startups that does not entail crossing the Atlantic.

The early investor in Spotify is seeking to raise up to 275 million euros ($332 million) for a Special Purpose Acquisition Company, or SPAC, that would buy a company with an equity value of between 750 million and 4 billion euros. (Reporting by Douglas Busvine and Abhinav Ramnarayan; editing by Thomas Seythal)

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