Exclusive: SIGNA Sports United in talks to go public through SPAC deal – sources

FRANKFURT (Reuters) – Sporting goods retailer SIGNA Sports United, owned by Austrian investor Rene Benko, is in talks to go public through a merger with a blank check company in a deal that could value the firm at up to $4 billion, two people familiar with the matter said.

SIGNA Sports United is working with several banks, including Citigroup Inc, on a potential transaction and is in preliminary talks with special purpose acquisition companies (SPAC), including Yucaipa Acquisition Corp, the people said.