Latvian carrier airBaltic has undergone a capital increase, finalizing German investor Ralf-Dieter Montag-Girmes’ 20% stake in the airline. On May 2, airBaltic’s shareholders formally approved plans to increase airBaltic’s share capital to €256.5 million ($294 million), comprising 256,472,824 shares. “The share capital increase procedure is thus completed. After the share capital increase, the Latvian State holds an 80% stake in airBaltic, while the new ...

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