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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 a closely integrated alliance of top-tier law offices across the Baltics, uniting more than 240 attorneys and support staff. During 25 years of experience, we have become a strategic partner to our clients in handling both 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 full-service business law advice.

Top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups are among our clients. 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 7 times receiving Chambers Europe, IFLR, The Lawyer and Mergermarket awards, and we are regularly listed amongst the top-performing M&A legal advisors in the Bloomberg, Refinitiv and Mergermarket deal tables. Recognized as the No.1 Lithuanian law firm in the Prospera Law Firm Review 2021 and No. 1 law firm in Latvia in 2020, 2019, and 2018 client satisfaction surveys. In 2021 we were recognized as a highly recommended law firm in the Baltics at The Lawyer European Awards 2021 ceremony and named the Baltic States Tax Firm of the Year and Pro Bono Firm of the Year at the annual ITR EMEA Tax Awards 2021 ceremony. More information on COBALT can be found at www.cobalt.legal.