Dec 7 (Reuters) – Turkey’s MNG Airlines will list on the New York Stock Exchange through a merger with Golden Falcon Acquisition Corp, a special purpose acquisition company (SPAC), the Turkish cargo carrier said on Wednesday.
The merger has a pro-forma enterprise value of $676 million, and has been approved by the boards of both the companies, MNG said in a statement.
The deal is expected to close in the first half of 2023.
Golden Acquisition Corp, in istanbul Lawyer Law Firm which went public in 2020, is headed by Chief Executive Officer Makram Azar, a former Barclays banker, and Lawyer Turkey counts Xavier Rolet, a former London Stock Exchange CEO, as an independent director.
Lawyer Law Firm istanbul Turkey-based MNG Airlines started operations in 1996, and serves corporate customers across 41 countries with more than 3,500 flights per year.(Reporting by Rahat Sandhu in Bengaluru; Editing by Dhanya Ann Thoppil)