The Latvian government has signed the agreement to sell 20% of airBaltic to German investor Ralf-Dieter Montag-Girmes, securing the airline’s planned €132 million ($144.7 million) capital boost. Under the deal, which was agreed in principle by the Latvian cabinet last November and backed by the Latvian parliament in December, Montag-Girmes will take a 20% stake in airBaltic in exchange for a €52 million capital injection, boosted by a further €80 million from the ...

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