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Cobalt Advises AirBaltic on Investment by Latvian Government

Cobalt Advises AirBaltic on Investment by Latvian Government

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The Latvian office of Cobalt has advised AirBaltic on a EUR 250 million investment in its shares by the Latvian Government.

According to Cobalt, "the decision of the Latvian government to recapitalize AirBaltic was approved by the European Commission. In its announcement, the Commission stated that AirBaltic plays a major role in the Latvian economy, notably because it ensures essential connectivity services within Latvia and from Latvia to other European and international destinations. The Commission also added that the company contributes significantly to foreign trade, as several Latvian businesses rely on its air services to connect with business centers in Europe and worldwide."

Cobalt's team included Managing Partner Dace Silava-Tomsone, Partners Gatis Flinters and Guntars Zile, Senior Associate Diana Zepa, and Associates Janis Sarans and Toms Krumins.

Cobalt at a Glance

COBALT is closely integrated alliance of top-tier law offices in Estonia, Latvia, Lithuania and Belarus, making us one of the largest law firms in the Baltic market. 

COBALT is a trusted partner for daily matters and complex large-scale transactions and disputes. The firm’s broad spectrum of expertise and established position as the market leader give a comprehensive basis for providing advice on special areas of business law.

We advise top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.

COBALT has been named Baltic Law Firm of the Year 6 times. We were recognized as the Most Innovative Law Firm of the Year 2019 in the Baltics at the IFLR European Awards in London. COBALT also won CEE Legal Matters Deal of the Year Award for Estonia, Latvia, and Lithuania, as well as the overall Baltic Deal of the Year, at the 2019 CEE Legal Matters Awards. We have received multiple awards from the Chambers Europe, IFLR, The Lawyer and Mergermarket and we are regularly listed amongst the top performing M&A legal advisors in the Bloomberg, Thomson Reuters and Mergermarket deal tables

More information on Cobalt can be found at www.cobalt.legal.