(Reuters) – Lufthansa said on Wednesday it had agreed to receive a stake of 10% in Latvian airline airBaltic, as the German airline seeks to strengthen its international network.
The stake will be issued in the form of convertible shares currently at a subscription price of 14 million euros, but the stake size maybe subject to change depending on the pricing of airBaltic’s IPO.
(This story has been refiled to correct ‘AirBaltic’ to ‘airBaltic’ in the headline and text)
(Reporting by Rishabh Jaiswal in Bengaluru; Editing by Maju Samuel)