German Federal Cartel Office clears Lufthansa's acquisition of minority stake in airBaltic
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Background ✨
Lufthansa Group signed an agreement to invest EUR14 million in airBaltic for a 10% stake and a supervisory board seat, with closing planned for 2Q2025, subject to antitrust review. The investment is in convertible shares that will become ordinary shares upon a potential IPO, and supports airBaltic's growth plans, including the expansion of wet lease agreements and increased operational flexibility for Lufthansa Group hubs1.