Turkish MNG Airlines will be public on NYSE
2022.12.07 04:38
Turkish MNG Airlines will be public on NYSE
Budrigannews.com – Through a merger with Golden Falcon Acquisition Corp, a special purpose acquisition company (SPAC), Turkey’s MNG Airlines will list on the New York Stock Exchange, the Turkish cargo carrier announced on Wednesday.
MNG said in a statement that the merger has been approved by the boards of both companies and has a pro forma enterprise value of $676 million.
The transaction is anticipated to conclude in the first half of 2023.
Makram Azar, a former Barclays (LON:) executive, is the chief executive officer of Golden Acquisition Corp., which went public in 2020. banker, and it has an independent director in Xavier Rolet, a former CEO of the London Stock Exchange.
MNG Airlines, based in Istanbul, began operations in 1996 and offers more than 3,500 flights per year to corporate customers in 41 countries.
