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Turkish MNG Airlines will be public on NYSE

2022.12.07 04:38

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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.

Turkish MNG Airlines will be public on NYSE

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