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Challenger Acquisitions' Gustafson forsakes oil & gas for Big Wheels

Challenger Acquisitions (LON:CHAL) chairman, Mark Gustafson, has spent much of his working life raising finance for oil and gas projects. Now as he  tells Proactiveinvestors, he is shifting his attention to the 'attractions' sector.

His recently launched investment vehicle has just signed a co-operation deal with Starneth, the company behind the hugely successful London Eye ferris wheel. The company is also developing new giant observation wheels in Dubai and New York.

The agreement  gives Challenger extra reach into a sector which Gustafson describes a “hugely popular”. His ultimate game plan is to become a majority stake in big wheels throughout the world. 

“It’s also way more recession-proof than investing resources,” he claims.

Quick facts: Challenger Acquisitions Limited

Price: 0.13 GBX

LSE:CHAL
Market: LSE
Market Cap: £410.2 k
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