A certain strategic investor has shown interest in the shares of the Latvian national airline airBaltic before the initial public offering (IPO), Transport Minister Kaspars Briškens (Progressives) said at a press conference after a government meeting on Tuesday, without disclosing the name of the investor, reports LETA.Po According to Brishkens, this is good news, since the investor could become involved in a minority stake in airBaltic, and then, accordingly, together they could advance to an IPO. The Minister noted that in this case we are talking only about state shares of airBaltic's capital, and that now it is important to agree on the most favorable conditions for both parties. “In our case, for conditions more favorable to the Latvian side,” the minister said. Brishkens explained that it is now impossible to disclose the specific volume of shares that are being negotiated, but we are talking about a minority stake. Speaking about the public interest of Lithuania and Estonia in airBaltic shares, the minister noted that currently there are no bilateral or trilateral negotiations with these partners. “In any case, this IPO gives the opportunity to any investor, both public and private, as well as investment funds and others, to join this process and purchase shares,” the minister said. Brishkens emphasized that the investor's interest in airBaltic to some extent confirms the commitment to airBaltic's business plan, with which the airline is moving towards further development and an IPO.
