Lufthansa acquires 10% stake in Latvia's airBaltic to boost European presence - Find New Travel Destination: Latest Travel and tourism tips and articles | Bagpackers

Wednesday, January 29, 2025

Lufthansa acquires 10% stake in Latvia's airBaltic to boost European presence

Lufthansa AirBaltic Acquisition: The stake will be issued in the form of convertible shares currently at a subscription price of 14 million euros (USD 14.56 million), but the stake size may be subject to change depending on the pricing of airBaltic's IPO, Lufthansa said. Lufthansa will also receive a seat in airBaltic's supervisory board, the German firm said.


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