Lufthansa to Take Stake in Latvia's AirBaltic

Lufthansa Group has signed an agreement to receive a convertible share granting a 10% stake of Latvian flag carrier airBaltic ...
The two parties say that the transaction closure is planned for the second quarter of 2025, subject to antitrust review.
Deutsche Lufthansa is expanding its footprint in the Baltic region through a significant strategic investment in Air Baltic. The German aviation group has agreed to acquire convertible bonds worth €14 ...