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Dec 7 (Reuters) – Turkey’s MNG Airways will record on the New York Inventory Alternate by way of a merger with Golden Falcon Acquisition Corp (GFX.N), a particular objective acquisition firm (SPAC), the Turkish cargo service stated on Wednesday.
The merger has a pro-forma enterprise worth of $676 million, and has been authorised by the boards of each the businesses, MNG stated in a press release.
The deal is anticipated to shut within the first half of 2023.
Golden Acquisition Corp, which went public in 2020, is headed by Chief Govt Officer Makram Azar, a former Barclays banker, and counts Xavier Rolet, a former London Inventory Alternate CEO, as an impartial director.
Istanbul-based MNG Airways began operations in 1996, and serves company prospects throughout 41 nations with greater than 3,500 flights per 12 months.
Reporting by Rahat Sandhu in Bengaluru; Enhancing by Dhanya Ann Thoppil
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