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 Turkey Lawyer a statement.
The deal is expected to close in the first half of 2023.
Golden Acquisition Corp, which went public in 2020, is headed by Chief Executive Officer Makram Azar, a former Barclays banker, and Turkey istanbul Lawyer Law Firm in istanbul Turkey counts Xavier Rolet, a former London Stock Exchange CEO, as an independent director.
Istanbul-based MNG Airlines started operations in 1996, istanbul Turkey Law Firm 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)