German businessman Ralf Dieter Montag-Girmes has described his 20% investment in Latvian carrier airBaltic, as a “unique business opportunity.” On Nov. 3, Latvian Prime Minister Laimdota Straujuma announced that Montag-Girmes’ bid for the carrier had been accepted following a four-year privatization process. The deal will see Montag-Girmes inject €52 million ($57 million) into airBaltic as a short-term loan, which will be converted to equity in early 2016. In turn, ...

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