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HomeUncategorizedTurkey's MNG Airlines to go public on NYSE

Turkey's MNG Airlines to go public on NYSE

Dec 7 (Reuters) – Lawyer 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 Lawyer Turkey 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, which went public in 2020, is headed by Chief Executive Officer Makram Azar, a former Barclays banker, and Lawyer Turkey counts Xavier Rolet, Lawyer Turkey a former London Stock Exchange CEO, as an independent director.

Istanbul-based MNG Airlines started operations in 1996, Lawyer Turkey 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)

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